CVA Household Workplace LLC Buys New Holdings in Ulta Magnificence, Inc. (NASDAQ:ULTA)

Daily SF NewsMarch 28, 2024

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CVA Family Office LLC acquired a new position in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 102 shares of the specialty retailer’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Coppell Advisory Solutions LLC purchased a new position in shares of Ulta Beauty in the 2nd quarter valued at approximately $26,000. Ancora Advisors LLC purchased a new position in shares of Ulta Beauty in the 1st quarter valued at approximately $31,000. Fortis Capital Advisors LLC purchased a new position in shares of Ulta Beauty in the 1st quarter valued at approximately $31,000. BKM Wealth Management LLC bought a new position in Ulta Beauty during the 4th quarter valued at approximately $28,000. Finally, Carolinas Wealth Consulting LLC increased its position in Ulta Beauty by 106.7% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 62 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at Ulta Beauty

In related news, COO Kecia Steelman sold 20,950 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the completion of the transaction, the chief operating officer now owns 10,494 shares in the company, valued at $5,523,936.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Ulta Beauty news, COO Kecia Steelman sold 20,950 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.39, for a total value of $11,027,870.50. Following the completion of the transaction, the chief operating officer now owns 10,494 shares in the company, valued at $5,523,936.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 500 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total transaction of $263,130.00. Following the completion of the transaction, the director now owns 1,665 shares of the company’s stock, valued at approximately $876,222.90. The disclosure for this sale can be found here. Insiders have sold a total of 24,552 shares of company stock valued at $12,920,326 over the last quarter. 0.34% of the stock is owned by company insiders.

Ulta Beauty Trading Down 0.2 %

ULTA stock opened at $513.52 on Thursday. Ulta Beauty, Inc. has a 12-month low of $368.02 and a 12-month high of $574.76. The stock has a market cap of $24.94 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.03 and a beta of 1.31. The business’s 50-day moving average is $524.24 and its 200 day moving average is $461.40.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last issued its earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, topping the consensus estimate of $7.49 by $0.59. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.68 EPS. As a group, equities analysts forecast that Ulta Beauty, Inc. will post 26.94 EPS for the current fiscal year.

Ulta Beauty announced that its Board of Directors has approved a share repurchase plan on Thursday, March 14th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the specialty retailer to repurchase up to 7.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have commented on ULTA shares. Raymond James lifted their target price on Ulta Beauty from $575.00 to $630.00 and gave the stock a “strong-buy” rating in a report on Monday, March 18th. Evercore ISI lowered their price objective on Ulta Beauty from $656.00 to $635.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Oppenheimer restated an “outperform” rating and issued a $525.00 price objective on shares of Ulta Beauty in a research report on Friday, December 1st. DA Davidson restated a “buy” rating and issued a $595.00 price objective on shares of Ulta Beauty in a research report on Friday, March 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Ulta Beauty from $574.00 to $627.00 in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $579.81.

View Our Latest Stock Report on Ulta Beauty

About Ulta Beauty

(Free Report)

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.