Cooper Financial Group purchased a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 416 shares of the specialty retailer’s stock, valued at approximately $204,000.
Other institutional investors have also modified their holdings of the company. Coppell Advisory Solutions LLC acquired a new stake in shares of Ulta Beauty in the second quarter valued at about $26,000. Ancora Advisors LLC purchased a new position in shares of Ulta Beauty in the first quarter worth about $31,000. Fortis Capital Advisors LLC purchased a new position in shares of Ulta Beauty in the first quarter worth about $31,000. BKM Wealth Management LLC purchased a new position in Ulta Beauty during the fourth quarter worth about $28,000. Finally, Carolinas Wealth Consulting LLC raised its stake in Ulta Beauty by 106.7% during the first quarter. Carolinas Wealth Consulting LLC now owns 62 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.
Insider Buying and Selling
In related news, insider Anita Jane Ryan sold 3,102 shares of the stock in a transaction on 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 sale, 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 can be accessed through the SEC website. In other news, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total value of $263,130.00. Following the completion of the sale, the director now owns 1,665 shares in the company, valued at approximately $876,222.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anita Jane Ryan sold 3,102 shares of the firm’s 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 sale, the insider now owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The disclosure for this sale can be found here. Insiders sold a total of 24,552 shares of company stock worth $12,920,326 in the last 90 days. Company insiders own 0.34% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on ULTA. Morgan Stanley lifted their target price on shares of Ulta Beauty from $480.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Friday, March 15th. DA Davidson reissued a “buy” rating and issued a $595.00 price target on shares of Ulta Beauty in a research note on Friday, March 15th. Stifel Nicolaus boosted their price target on shares of Ulta Beauty from $505.00 to $565.00 and gave the company a “hold” rating in a research note on Friday, March 15th. Robert W. Baird boosted their price target on shares of Ulta Beauty from $575.00 to $625.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Finally, Evercore ISI reduced their price target on shares of Ulta Beauty from $656.00 to $635.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. One investment 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $579.81.
Get Our Latest Stock Analysis on ULTA
Ulta Beauty Price Performance
NASDAQ ULTA opened at $505.57 on Tuesday. The firm’s fifty day moving average price is $523.00 and its 200 day moving average price is $460.07. The company has a market capitalization of $24.55 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 2.06 and a beta of 1.31. 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 posted its earnings results on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, beating analysts’ consensus estimates of $7.49 by $0.59. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.53 billion. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $6.68 EPS. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 26.94 earnings per share for the current year.
Ulta Beauty announced that its board has approved a stock 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 often a sign that the company’s board believes its shares are undervalued.
Ulta Beauty Company Profile
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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