Mayflower Financial Advisors LLC bought a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 476 shares of the specialty retailer’s stock, valued at approximately $233,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P lifted 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 worth $26,000 after acquiring an additional 51 shares during the period. Coppell Advisory Solutions LLC bought a new position in shares of Ulta Beauty in the second quarter valued at approximately $26,000. BKM Wealth Management LLC bought a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust boosted 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 acquiring an additional 26 shares in the last quarter. Finally, VisionPoint Advisory Group LLC boosted 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 acquiring an additional 73 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on ULTA. Argus increased their price objective on shares of Ulta Beauty from $500.00 to $545.00 and gave the company a “buy” rating in a report on Wednesday, December 6th. Loop Capital raised their target price on shares of Ulta Beauty from $530.00 to $540.00 and gave the stock a “hold” rating in a report on Friday, March 15th. BMO Capital Markets raised their target price 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. Wells Fargo & Company raised their target price on shares of Ulta Beauty from $400.00 to $450.00 and gave the stock an “underweight” rating in a report on Friday, March 15th. Finally, DA Davidson restated a “buy” rating and set a $595.00 target price on shares of Ulta Beauty 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 given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $577.70.
View Our Latest Research Report on Ulta Beauty
Ulta Beauty Stock Up 1.2 %
ULTA stock opened at $529.01 on Tuesday. 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 $25.54 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.07 and a beta of 1.30. The company has a 50 day moving average of $527.01 and a two-hundred day moving average of $463.60.
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 (EPS) for the quarter, topping 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 company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter 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. On average, research analysts anticipate that Ulta Beauty, Inc. will post 26.94 EPS for the current year.
Ulta Beauty declared that its board has authorized a share repurchase plan on Thursday, March 14th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 7.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.
Insiders Place Their Bets
In other Ulta Beauty news, Director Catherine Ann Halligan sold 500 shares of the stock in a transaction that occurred 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 legal filing with the SEC, which can be accessed through this link. In other news, insider Anita Jane Ryan sold 3,102 shares of the firm’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 transaction, the insider now 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 can be accessed through the SEC website. Also, 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 transaction of $263,130.00. Following the transaction, the director now owns 1,665 shares in the company, valued at approximately $876,222.90. 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 quarter. 0.34% of the stock is currently owned by corporate insiders.
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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