OLD Mission Capital LLC acquired a new stake in Ulta Beauty (NASDAQ:ULTA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,186 shares of the specialty retailer’s stock, valued at approximately $265,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. CI Global Investments Inc. purchased a new stake in shares of Ulta Beauty in the fourth quarter valued at about $135,756,000. Ameriprise Financial Inc. boosted its holdings in shares of Ulta Beauty by 58.3% in the third quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock valued at $314,378,000 after acquiring an additional 512,315 shares in the last quarter. HS Management Partners LLC boosted its holdings in shares of Ulta Beauty by 208.7% in the fourth quarter. HS Management Partners LLC now owns 699,365 shares of the specialty retailer’s stock valued at $156,420,000 after acquiring an additional 472,850 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of Ulta Beauty by 111.3% in the fourth quarter. TIAA CREF Investment Management LLC now owns 591,905 shares of the specialty retailer’s stock valued at $132,385,000 after acquiring an additional 311,725 shares in the last quarter. Finally, Two Creeks Capital Management LP purchased a new stake in shares of Ulta Beauty in the fourth quarter valued at about $64,358,000. Institutional investors own 91.94% of the company’s stock.
Ulta Beauty stock opened at $221.88 on Monday. The stock has a market cap of $13,532.99, a PE ratio of 27.09, a price-to-earnings-growth ratio of 1.10 and a beta of 0.62. Ulta Beauty has a 52-week low of $187.96 and a 52-week high of $314.86.
Ulta Beauty declared that its Board of Directors has initiated a share repurchase program on Thursday, March 15th that allows the company to buyback $625.00 million in shares. This buyback authorization allows the specialty retailer to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Several brokerages have recently weighed in on ULTA. Vetr raised shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $282.00 target price (down previously from $291.00) on shares of Ulta Beauty in a report on Friday. Piper Jaffray Companies set a $206.00 target price on shares of Ulta Beauty and gave the company a “hold” rating in a report on Thursday, November 30th. Jefferies Group reaffirmed a “positive” rating and issued a $221.64 target price (down previously from $300.00) on shares of Ulta Beauty in a report on Tuesday, December 5th. Finally, Royal Bank of Canada set a $225.00 target price on shares of Ulta Beauty and gave the company a “hold” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $253.35.
Ulta Beauty Company Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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