BKM Wealth Management LLC bought a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 58 shares of the specialty retailer’s stock, valued at approximately $28,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Baker Tilly Wealth Management LLC raised its position in shares of Ulta Beauty by 1.2% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 2,492 shares of the specialty retailer’s stock valued at $1,221,000 after acquiring an additional 29 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of Ulta Beauty by 19.7% in the 4th quarter. Raymond James Trust N.A. now owns 3,302 shares of the specialty retailer’s stock valued at $1,618,000 after buying an additional 544 shares in the last quarter. Gilman Hill Asset Management LLC bought a new stake in shares of Ulta Beauty in the 4th quarter valued at $245,000. Consilium Wealth Advisory LLC bought a new stake in shares of Ulta Beauty in the 4th quarter valued at $205,000. Finally, Fulcrum Capital LLC increased its position in shares of Ulta Beauty by 14.9% in the 4th quarter. Fulcrum Capital LLC now owns 12,016 shares of the specialty retailer’s stock valued at $5,888,000 after buying an additional 1,561 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.
Ulta Beauty Price Performance
ULTA opened at $505.57 on Tuesday. Ulta Beauty, Inc. has a fifty-two week low of $368.02 and a fifty-two week high of $574.76. The company’s 50-day moving average is $523.00 and its 200 day moving average is $460.07. The firm has a market capitalization of $24.55 billion, a PE ratio of 19.41, a P/E/G ratio of 2.06 and a beta of 1.31.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, beating analysts’ consensus estimates of $7.49 by $0.59. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the prior year, the firm earned $6.68 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. As a group, analysts expect that Ulta Beauty, Inc. will post 26.94 EPS for the current year.
Ulta Beauty announced that its board has authorized a stock buyback plan on Thursday, March 14th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to buy up to 7.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on ULTA. JPMorgan Chase & Co. upped their target price on shares of Ulta Beauty from $535.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Loop Capital increased their price objective on shares of Ulta Beauty from $530.00 to $540.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. Jefferies Financial Group upped their target price on shares of Ulta Beauty from $587.00 to $610.00 and gave the company a “buy” rating in a report on Friday, March 15th. UBS Group upped their target price on shares of Ulta Beauty from $575.00 to $690.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Raymond James upped their target price on shares of Ulta Beauty from $575.00 to $630.00 and gave the company a “strong-buy” rating in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $579.81.
View Our Latest Report on ULTA
Insider Activity
In other news, COO Kecia Steelman sold 20,950 shares of the stock in a transaction that occurred 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 directly owns 10,494 shares of the company’s stock, valued at approximately $5,523,936.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Anita Jane Ryan sold 3,102 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Kecia Steelman sold 20,950 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 10,494 shares of the company’s stock, valued at $5,523,936.66. The disclosure for this sale can be found here. Insiders sold 24,552 shares of company stock valued at $12,920,326 in the last three months. Company insiders own 0.34% of the company’s stock.
About Ulta Beauty
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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