Beauty

BKM Wealth Administration LLC Buys New Place in Ulta Magnificence, Inc. (NASDAQ:ULTA)



BKM Wealth Management LLC bought a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) in the fourth quarter, Holdings Channel.com reports. The fund bought 59 shares of the specialty retailer’s stock, valued at approximately $29,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at about $26,000. Ancora Advisors LLC acquired a new position in Ulta Beauty in the first quarter valued at approximately $31,000. Fortis Capital Advisors LLC bought a new position in shares of Ulta Beauty during the 1st quarter worth approximately $31,000. Carolinas Wealth Consulting LLC grew its position in shares of Ulta Beauty by 106.7% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 62 shares of the specialty retailer’s stock worth $34,000 after buying an additional 32 shares during the period. Finally, Loomis Sayles & Co. L P increased its stake in shares of Ulta Beauty by 364.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 92.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Ulta Beauty from $575.00 to $690.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft boosted their target price on Ulta Beauty from $574.00 to $627.00 in a research report on Friday, March 15th. Citigroup raised their price objective on Ulta Beauty from $440.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday, December 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $600.00 price target on shares of Ulta Beauty in a research note on Friday, March 15th. Finally, Piper Sandler raised their target price on Ulta Beauty from $635.00 to $665.00 and gave the company an “overweight” rating in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $579.81.

View Our Latest Report on ULTA

Insider Buying and Selling

In related news, 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 transaction of $263,130.00. Following the completion of the transaction, the director now directly owns 1,665 shares in the company, valued at $876,222.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Ulta Beauty news, COO Kecia Steelman sold 20,950 shares of Ulta Beauty 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 completion of the sale, the chief operating officer now owns 10,494 shares of the company’s stock, valued at $5,523,936.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total value of $263,130.00. Following the transaction, the director now owns 1,665 shares in the company, valued at $876,222.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,552 shares of company stock worth $12,920,326. Corporate insiders own 0.34% of the company’s stock.

Ulta Beauty Trading Down 0.1 %

Shares of Ulta Beauty stock opened at $523.55 on Friday. The company’s 50-day moving average price is $521.42 and its 200-day moving average price is $458.22. Ulta Beauty, Inc. has a 12-month low of $368.02 and a 12-month high of $574.76. The company has a market cap of $25.42 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.07 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last posted its earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.49 by $0.59. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the prior year, the company posted $6.68 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, sell-side analysts predict that Ulta Beauty, Inc. will post 26.94 earnings per share for the current year.

Ulta Beauty announced that its board has authorized a share buyback program on Thursday, March 14th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the specialty retailer to buy up to 7.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Ulta Beauty Profile

(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.

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Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty, Inc. (NASDAQ:ULTAFree Report).

Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)



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