American Worldwide Group Inc. Lowers Inventory Place in Ulta Magnificence, Inc. (NASDAQ:ULTA)
American International Group Inc. reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,834 shares of the specialty retailer’s stock after selling 264 shares during the quarter. American International Group Inc.’s holdings in Ulta Beauty were worth $7,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Nvwm LLC raised its stake in shares of Ulta Beauty by 2.1% during the fourth quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock worth $511,000 after acquiring an additional 21 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of Ulta Beauty by 41.2% during the fourth quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 21 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in shares of Ulta Beauty by 4.3% during the third quarter. Raleigh Capital Management Inc. now owns 535 shares of the specialty retailer’s stock worth $214,000 after acquiring an additional 22 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Ulta Beauty by 0.8% during the fourth quarter. Pinnacle Associates Ltd. now owns 2,828 shares of the specialty retailer’s stock worth $1,386,000 after acquiring an additional 23 shares in the last quarter. Finally, Nkcfo LLC raised its stake in shares of Ulta Beauty by 14.4% during the fourth quarter. Nkcfo LLC now owns 183 shares of the specialty retailer’s stock worth $90,000 after acquiring an additional 23 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, 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 owns 2,705 shares in the company, valued at approximately $1,420,801.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Ulta Beauty news, insider Anita Jane Ryan sold 3,102 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $525.25, for a total value of $1,629,325.50. Following the completion of the transaction, the insider now owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.26, for a total value of $263,130.00. Following the completion of the transaction, the director now directly 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 worth $12,920,326 in the last quarter. Corporate insiders own 0.39% of the company’s stock.
Ulta Beauty Trading Down 0.0 %
Shares of ULTA stock opened at $382.50 on Tuesday. The stock has a market cap of $18.25 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.66 and a beta of 1.36. The company’s fifty day moving average price is $408.48 and its 200-day moving average price is $470.10. Ulta Beauty, Inc. has a 12 month low of $368.02 and a 12 month high of $574.76.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last announced its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.19 by $0.28. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. Ulta Beauty’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.88 EPS. On average, sell-side analysts forecast that Ulta Beauty, Inc. will post 25.76 earnings per share for the current fiscal year.
Ulta Beauty declared that its Board of Directors has authorized a share buyback program on Thursday, March 14th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire up to 7.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on ULTA shares. Loop Capital raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 target price on the stock in a research note on Monday, April 8th. Wells Fargo & Company decreased their target price on shares of Ulta Beauty from $450.00 to $350.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 24th. Bank of America decreased their target price on shares of Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. JPMorgan Chase & Co. lifted their target price on shares of Ulta Beauty from $530.00 to $544.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $507.30.
Read Our Latest Stock Analysis on ULTA
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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