CHURCHILL MANAGEMENT Corp Invests $861,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

CHURCHILL MANAGEMENT Corp acquired a brand new place in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) in the course of the first quarter, based on the corporate in its most up-to-date 13F submitting with the Securities and Exchange Commission. The agency acquired 1,647 shares of the specialty retailer’s inventory, valued at roughly $861,000.

Other hedge funds have additionally lately added to or diminished their stakes in the corporate. 1832 Asset Management L.P. elevated its stake in Ulta Beauty by 120.2% in the course of the 4th quarter. 1832 Asset Management L.P. now owns 14,448 shares of the specialty retailer’s inventory price $7,079,000 after buying an extra 7,887 shares in the course of the interval. Nordea Investment Management AB elevated its stake in Ulta Beauty by 347.3% in the course of the 4th quarter. Nordea Investment Management AB now owns 71,491 shares of the specialty retailer’s inventory price $35,061,000 after buying an extra 55,508 shares in the course of the interval. Sequoia Financial Advisors LLC purchased a brand new place in Ulta Beauty in the course of the 4th quarter price $1,810,000. Illinois Municipal Retirement Fund elevated its stake in Ulta Beauty by 6.5% in the course of the 4th quarter. Illinois Municipal Retirement Fund now owns 27,037 shares of the specialty retailer’s inventory price $13,248,000 after buying an extra 1,662 shares in the course of the interval. Finally, Warther Private Wealth LLC purchased a brand new place in Ulta Beauty in the course of the 4th quarter price $6,023,000. Institutional traders personal 90.39% of the corporate’s inventory.
Ulta Beauty Trading Up 1.4 %
Shares of ULTA opened at $383.85 on Friday. The firm has a market capitalization of $18.32 billion, a PE ratio of 14.97, a PEG ratio of 1.65 and a beta of 1.36. Ulta Beauty, Inc. has a 12 month low of $368.02 and a 12 month excessive of $574.76. The inventory’s 50-day shifting common worth is $396.08 and its two-hundred day shifting common worth is $466.45.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) final introduced its earnings outcomes on Thursday, May thirtieth. The specialty retailer reported $6.47 EPS for the quarter, topping the consensus estimate of $6.19 by $0.28. The agency had income of $2.73 billion for the quarter, in comparison with the consensus estimate of $2.72 billion. Ulta Beauty had a return on fairness of 58.06% and a internet margin of 11.13%. The enterprise’s quarterly income was up 3.5% in comparison with the identical quarter final yr. During the identical interval in the earlier yr, the enterprise earned $6.88 EPS. Equities analysis analysts predict that Ulta Beauty, Inc. will publish 25.76 EPS for the present fiscal yr.
Ulta Beauty declared that its board has licensed a inventory buyback program on Thursday, March 14th that permits the corporate to repurchase $2.00 billion in shares. This repurchase authorization permits the specialty retailer to buy as much as 7.3% of its shares by means of open market purchases. Shares repurchase packages are sometimes a sign that the corporate’s administration believes its inventory is undervalued.
Analyst Ratings Changes
Numerous analysis corporations have commented on ULTA. Robert W. Baird lowered their worth goal on Ulta Beauty from $625.00 to $525.00 and set an “outperform” score on the inventory in a analysis notice on Wednesday, May twenty ninth. Wells Fargo & Company decreased their worth goal on Ulta Beauty from $450.00 to $350.00 and set an “underweight” score on the inventory in a analysis notice on Wednesday, April twenty fourth. Raymond James decreased their worth goal on Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” score on the inventory in a analysis notice on Wednesday, April third. BMO Capital Markets decreased their worth goal on Ulta Beauty from $540.00 to $500.00 and set a “market carry out” score on the inventory in a analysis notice on Friday, May thirty first. Finally, Stifel Nicolaus decreased their worth goal on Ulta Beauty from $565.00 to $475.00 and set a “maintain” score on the inventory in a analysis notice on Tuesday, May 14th. One analysis analyst has rated the inventory with a promote score, 9 have issued a maintain score, 13 have given a purchase score and one has issued a powerful purchase score to the corporate’s inventory. According to knowledge from MarketBeat, Ulta Beauty has a consensus score of “Moderate Buy” and a median goal worth of $507.30.
Get Our Latest Research Report on Ulta Beauty
Ulta Beauty Company Profile
(Free Report)
Ulta Beauty, Inc operates as a specialty magnificence retailer in the United States. The firm gives branded and personal label magnificence merchandise, together with cosmetics, perfume, haircare, skincare, bathtub and physique merchandise, skilled hair merchandise, and salon styling instruments by means of its Ulta Beauty shops, shop-in-shops, Ulta.com web site, and its cellular purposes.
Further Reading

Receive News & Ratings for Ulta Beauty Daily – Enter your e-mail deal with under to obtain a concise day by day abstract of the newest information and analysts’ rankings for Ulta Beauty and associated corporations with MarketBeat.com’s FREE day by day e-mail e-newsletter.

https://www.defenseworld.net/2024/06/23/churchill-management-corp-invests-861000-in-ulta-beauty-inc-nasdaqulta.html