Fifth Third Bancorp lowered its position in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 13.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,528 shares of the specialty retailer’s stock after selling 733 shares during the period. Fifth Third Bancorp’s holdings in Ulta Beauty were worth $2,219,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Loomis Sayles & Co. L P raised its holdings in shares of Ulta Beauty by 364.3% in the third quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new stake in shares of Ulta Beauty in the second quarter valued at about $26,000. BKM Wealth Management LLC purchased a new stake in shares of Ulta Beauty in the fourth quarter valued at about $28,000. Parkside Financial Bank & Trust raised its holdings in shares of Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares during the last quarter. Finally, VisionPoint Advisory Group LLC raised its holdings in shares of Ulta Beauty by 7,300.0% in the third quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.
Insiders Place Their Bets
In other Ulta Beauty news, insider Anita Jane Ryan sold 3,102 shares of the business’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 owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, COO Kecia Steelman sold 20,950 shares of the company’s stock in a transaction 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 sale, the chief operating officer now directly owns 10,494 shares in the company, valued at approximately $5,523,936.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anita Jane Ryan sold 3,102 shares of the company’s 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 sale, the insider now owns 2,705 shares of the company’s stock, valued at $1,420,801.25. The disclosure for this sale can be found here. Insiders sold a total of 24,552 shares of company stock valued at $12,920,326 in the last quarter. Corporate insiders own 0.34% of the company’s stock.
Ulta Beauty Trading Down 15.3 %
Shares of NASDAQ:ULTA opened at $439.98 on Thursday. The company has a 50 day moving average of $528.84 and a 200 day moving average of $465.14. The stock has a market cap of $21.24 billion, a P/E ratio of 16.89, a P/E/G ratio of 2.05 and a beta of 1.30. 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 issued 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. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. Ulta Beauty’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.68 earnings per share. On average, equities analysts forecast that Ulta Beauty, Inc. will post 26.94 earnings per share for the current fiscal year.
Ulta Beauty announced that its board has approved a share buyback plan on Thursday, March 14th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the specialty retailer to repurchase up to 7.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
Analyst Ratings Changes
ULTA has been the subject of a number of research analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $600.00 price objective on shares of Ulta Beauty in a report on Friday, March 15th. BMO Capital Markets raised their price objective on shares of Ulta Beauty from $485.00 to $540.00 and gave the stock a “market perform” rating in a report on Friday, March 15th. Argus raised their price objective on shares of Ulta Beauty from $500.00 to $545.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. Morgan Stanley raised their price objective on shares of Ulta Beauty from $480.00 to $525.00 and gave the stock an “equal weight” rating in a report on Friday, March 15th. Finally, Evercore ISI decreased their price objective on shares of Ulta Beauty from $656.00 to $635.00 and set an “outperform” rating for the company in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $576.70.
Check Out Our Latest Stock Analysis on Ulta Beauty
Ulta Beauty 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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