Beauty

Congress Park Capital LLC Makes New Funding in Ulta Magnificence, Inc. (NASDAQ:ULTA)



Congress Park Capital LLC acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 620 shares of the specialty retailer’s stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coppell Advisory Solutions LLC purchased a new position in Ulta Beauty in the second quarter valued at approximately $26,000. Ancora Advisors LLC acquired a new stake in Ulta Beauty during the 1st quarter worth $31,000. Fortis Capital Advisors LLC acquired a new stake in Ulta Beauty during the 1st quarter worth $31,000. BKM Wealth Management LLC purchased a new stake in Ulta Beauty in the fourth quarter valued at $28,000. Finally, Carolinas Wealth Consulting LLC boosted its stake in Ulta Beauty by 106.7% in the first quarter. Carolinas Wealth Consulting LLC now owns 62 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $522.88 on Monday. The company has a market cap of $25.24 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 2.07 and a beta of 1.30. Ulta Beauty, Inc. has a one year low of $368.02 and a one year high of $574.76. The business has a fifty day moving average of $527.01 and a two-hundred day moving average of $463.25.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last announced its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, beating 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 firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter last year, the business earned $6.68 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Sell-side analysts predict that Ulta Beauty, Inc. will post 26.94 EPS for the current year.

Ulta Beauty declared that its board has authorized a share buyback program on Thursday, March 14th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 7.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Ulta Beauty

In related news, insider Anita Jane Ryan sold 3,102 shares of Ulta Beauty stock in a transaction on 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 completion of the transaction, the insider now directly owns 2,705 shares of the company’s stock, valued at $1,420,801.25. The sale was disclosed in a legal filing 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 firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total transaction of $1,629,325.50. Following the completion of the transaction, the insider now directly owns 2,705 shares in the company, valued at approximately $1,420,801.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Kecia Steelman sold 20,950 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 10,494 shares in the company, valued at approximately $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 ninety days. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on Ulta Beauty from $485.00 to $540.00 and gave the company a “market perform” rating in a report on Friday, March 15th. Wells Fargo & Company boosted their price objective on Ulta Beauty from $400.00 to $450.00 and gave the company an “underweight” rating in a research note on Friday, March 15th. Loop Capital lifted their target price on shares of Ulta Beauty from $530.00 to $540.00 and gave the company a “hold” rating in a report on Friday, March 15th. Piper Sandler upped their price target on shares of Ulta Beauty from $635.00 to $665.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $600.00 price objective on shares of Ulta Beauty in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $577.70.

View Our Latest Research 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.

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



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