Ulta Beauty Inc (ULTA) Shares Bought by Synovus Financial Corp

Synovus Financial Corp raised its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,889 shares of the specialty retailer’s stock after buying an additional 318 shares during the period. Synovus Financial Corp’s holdings in Ulta Beauty were worth $5,603,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ULTA. Clinton Group Inc. acquired a new position in Ulta Beauty during the 2nd quarter valued at about $3,425,000. IFM Investors Pty Ltd boosted its position in shares of Ulta Beauty by 42.1% during the 2nd quarter. IFM Investors Pty Ltd now owns 2,652 shares of the specialty retailer’s stock valued at $619,000 after purchasing an additional 786 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Ulta Beauty by 17.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 17,457 shares of the specialty retailer’s stock valued at $4,072,000 after purchasing an additional 2,610 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in shares of Ulta Beauty during the 2nd quarter valued at about $3,198,000. Finally, Xact Kapitalforvaltning AB boosted its position in shares of Ulta Beauty by 6.9% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 13,174 shares of the specialty retailer’s stock valued at $3,076,000 after purchasing an additional 852 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ULTA opened at $281.95 on Friday. Ulta Beauty Inc has a one year low of $191.70 and a one year high of $290.30. The stock has a market capitalization of $16.85 billion, a price-to-earnings ratio of 34.55, a PEG ratio of 1.40 and a beta of 0.60.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 30th. The specialty retailer reported $2.46 EPS for the quarter, topping the consensus estimate of $2.41 by $0.05. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. Sell-side analysts predict that Ulta Beauty Inc will post 10.84 EPS for the current year.

Several research firms have recently weighed in on ULTA. BidaskClub upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Telsey Advisory Group raised their price objective on shares of Ulta Beauty from $290.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. Stifel Nicolaus reduced their price objective on shares of Ulta Beauty from $250.00 to $245.00 and set a “hold” rating for the company in a research report on Friday, August 24th. Zacks Investment Research upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Finally, ValuEngine upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ulta Beauty has an average rating of “Buy” and an average target price of $271.56.

In related news, Director Dennis K. Eck sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the completion of the sale, the director now directly owns 361,294 shares in the company, valued at $103,745,572.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lorna Nagler sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $276.19, for a total transaction of $552,380.00. Following the sale, the director now owns 7,923 shares of the company’s stock, valued at $2,188,253.37. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,407 shares of company stock valued at $19,580,698. 5.60% of the stock is currently owned by corporate insiders.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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