Landscape Capital Management L.L.C. Sells 5,702 Shares of Ulta Beauty Inc. $ULTA

Key Points

• Landscape Capital Management L.L.C. sold 5,702 shares of Ulta Beauty Inc., decreasing its holdings by 89.2%, resulting in ownership of only 692 shares valued at approximately $254,000.
• Several institutional investors have increased their stakes in Ulta Beauty, with Mirae Asset Global Investments boosting its shareholding by 17.9% during the same quarter.
• Ulta Beauty reported a 9.3% year-over-year revenue increase, achieving $2.79 billion for the quarter and an EPS of $5.78, surpassing analysts' expectations.

Landscape Capital Management L.L.C. decreased its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 89.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 692 shares of the specialty retailer's stock after selling 5,702 shares during the period. Landscape Capital Management L.L.C.'s holdings in Ulta Beauty were worth $254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Ulta Beauty by 17.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer's stock valued at $2,190,000 after purchasing an additional 924 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of Ulta Beauty by 14.8% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer's stock valued at $435,000 after purchasing an additional 152 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in Ulta Beauty during the 1st quarter worth $201,000. Farther Finance Advisors LLC grew its position in Ulta Beauty by 128.9% during the 1st quarter. Farther Finance Advisors LLC now owns 737 shares of the specialty retailer's stock worth $275,000 after acquiring an additional 415 shares during the last quarter. Finally, Kaufman Rossin Wealth LLC acquired a new position in Ulta Beauty in the 1st quarter worth about $250,000. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $492.73 on Monday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $538.59. The stock's 50-day moving average is $498.99 and its 200 day moving average is $427.60. The firm has a market cap of $22.09 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.88 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, beating the consensus estimate of $5.03 by $0.75. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the company earned $5.30 EPS. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ULTA. Canaccord Genuity Group set a $650.00 price target on Ulta Beauty in a research note on Friday. Robert W. Baird lifted their price target on Ulta Beauty from $575.00 to $600.00 and gave the company an "outperform" rating in a research note on Friday. JPMorgan Chase & Co. lifted their price target on Ulta Beauty from $525.00 to $600.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Jefferies Financial Group lifted their target price on Ulta Beauty from $425.00 to $550.00 and gave the stock a "hold" rating in a report on Tuesday, August 26th. Finally, The Goldman Sachs Group lifted their target price on Ulta Beauty from $530.00 to $584.00 and gave the stock a "buy" rating in a report on Friday. Thirteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ulta Beauty presently has a consensus rating of "Hold" and a consensus target price of $534.75.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.

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