1832 Asset Management L.P. increased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 120.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,448 shares of the specialty retailer’s stock after purchasing an additional 7,887 shares during the quarter. 1832 Asset Management L.P.’s holdings in Ulta Beauty were worth $7,079,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in ULTA. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $25,000. Loomis Sayles & Co. L P increased its position in shares of Ulta Beauty by 364.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. BKM Wealth Management LLC bought a new position in shares of Ulta Beauty during the 4th quarter valued at approximately $28,000. VisionPoint Advisory Group LLC boosted its holdings in Ulta Beauty by 7,300.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 73 shares during the period. Finally, Webster Bank N. A. purchased a new position in Ulta Beauty during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.
Ulta Beauty Trading Down 0.6 %
ULTA opened at $382.61 on Friday. The firm has a market cap of $18.26 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.67 and a beta of 1.36. Ulta Beauty, Inc. has a 12 month low of $368.02 and a 12 month high of $574.76. The stock has a fifty day moving average price of $411.41 and a 200-day moving average price of $469.41.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, topping the consensus estimate of $6.19 by $0.28. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.72 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $6.88 EPS. On average, equities research analysts forecast that Ulta Beauty, Inc. will post 25.76 EPS for the current year.
Ulta Beauty declared that its Board of Directors has authorized a share repurchase plan on Thursday, March 14th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase up to 7.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on ULTA. Robert W. Baird dropped their price objective on Ulta Beauty from $625.00 to $525.00 and set an “outperform” rating for the company in a report on Wednesday, May 29th. Jefferies Financial Group dropped their price objective on Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a report on Friday, May 24th. Telsey Advisory Group restated an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a report on Friday, May 31st. Bank of America dropped their price objective on Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Finally, Barclays cut Ulta Beauty from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $612.00 to $434.00 in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $507.30.
Get Our Latest Analysis on ULTA
Insider Transactions at Ulta Beauty
In related news, insider Anita Jane Ryan sold 3,102 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $525.25, for a total transaction of $1,629,325.50. Following the transaction, the insider now directly owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Kecia Steelman sold 20,950 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the transaction, the chief operating officer now directly owns 10,494 shares of the company’s stock, valued at approximately $5,523,936.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anita Jane Ryan sold 3,102 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total value of $1,629,325.50. Following the transaction, the insider now directly owns 2,705 shares in the company, valued at $1,420,801.25. The disclosure for this sale can be found here. In the last three months, insiders sold 24,552 shares of company stock valued at $12,920,326. Corporate insiders own 0.39% of the company’s stock.
Ulta Beauty Company 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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