Zurich Insurance Group Ltd FI Has $2.83 Million Position in Ulta Beauty Inc. (ULTA)
Zurich Insurance Group Ltd FI lowered its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 18.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,849 shares of the specialty retailer’s stock after selling 2,283 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Ulta Beauty were worth $2,830,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp grew its position in Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 40 shares in the last quarter. Sun Life Financial INC grew its position in Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 419 shares in the last quarter. FNY Partners Fund LP bought a new position in Ulta Beauty in the first quarter valued at $142,000. Lazard Asset Management LLC bought a new position in Ulta Beauty in the second quarter valued at $157,000. Finally, QS Investors LLC grew its position in Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares in the last quarter. 87.91% of the stock is owned by institutional investors and hedge funds.
In other Ulta Beauty news, Director Michael R. Macdonald bought 2,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the transaction, the director now directly owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 5.20% of the stock is owned by company insiders.
A number of research analysts recently weighed in on the stock. KeyCorp reaffirmed a “buy” rating and issued a $270.00 target price (down previously from $300.00) on shares of Ulta Beauty in a research report on Tuesday. Robert W. Baird set a $295.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Sunday. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $260.00 target price on shares of Ulta Beauty in a research report on Sunday. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Ulta Beauty in a research report on Wednesday, September 27th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Ulta Beauty in a research report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. Ulta Beauty presently has a consensus rating of “Hold” and an average target price of $279.96.
Shares of Ulta Beauty Inc. (NASDAQ ULTA) opened at 223.01 on Thursday. The firm has a market cap of $13.70 billion, a PE ratio of 29.69 and a beta of 0.57. Ulta Beauty Inc. has a 52 week low of $204.01 and a 52 week high of $314.86. The firm has a 50-day moving average of $225.61 and a 200 day moving average of $266.59.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The company’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the business earned $1.43 earnings per share. Equities research analysts predict that Ulta Beauty Inc. will post $8.38 EPS for the current fiscal year.
About Ulta Beauty
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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