Beauty

Mutual Advisors LLC Buys New Holdings in Ulta Magnificence, Inc. (NASDAQ:ULTA)



Mutual Advisors LLC bought a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) in the 4th quarter, Holdings Channel.com reports. The firm bought 497 shares of the specialty retailer’s stock, valued at approximately $244,000.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Ulta Beauty by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock valued at $2,344,096,000 after acquiring an additional 40,190 shares during the period. BlackRock Inc. boosted its holdings in Ulta Beauty by 9.5% during the 2nd quarter. BlackRock Inc. now owns 4,236,208 shares of the specialty retailer’s stock valued at $1,993,538,000 after acquiring an additional 367,437 shares during the period. State Street Corp boosted its holdings in Ulta Beauty by 2.3% during the 2nd quarter. State Street Corp now owns 2,043,315 shares of the specialty retailer’s stock valued at $961,574,000 after acquiring an additional 45,487 shares during the period. Morgan Stanley boosted its holdings in Ulta Beauty by 56.7% during the 3rd quarter. Morgan Stanley now owns 1,538,533 shares of the specialty retailer’s stock valued at $614,568,000 after acquiring an additional 556,809 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Ulta Beauty by 125.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,530,543 shares of the specialty retailer’s stock valued at $717,932,000 after acquiring an additional 852,258 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on Ulta Beauty from $587.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. upped their price target on Ulta Beauty from $535.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. UBS Group upped their price target on Ulta Beauty from $575.00 to $690.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Raymond James upped their price target on Ulta Beauty from $575.00 to $630.00 and gave the company a “strong-buy” rating in a research report on Monday, March 18th. Finally, Wells Fargo & Company upped their price target on Ulta Beauty from $400.00 to $450.00 and gave the company an “underweight” rating in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $577.70.

Get Our Latest Report on Ulta Beauty

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, COO Kecia Steelman sold 20,950 shares of the stock in a transaction 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 sale, the chief operating officer now directly owns 10,494 shares in the company, valued at approximately $5,523,936.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, 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 value of $1,629,325.50. Following 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 document filed with the SEC, which is accessible through this link. Also, COO Kecia Steelman sold 20,950 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total value of $11,027,870.50. Following the completion of the transaction, the chief operating officer now owns 10,494 shares in the company, valued at $5,523,936.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,552 shares of company stock worth $12,920,326. Insiders own 0.34% of the company’s stock.

Ulta Beauty Stock Up 1.8 %

ULTA stock opened at $522.88 on Friday. Ulta Beauty, Inc. has a twelve month low of $368.02 and a twelve month high of $574.76. The firm has a market cap of $25.24 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.03 and a beta of 1.31. The business has a 50 day moving average of $526.00 and a 200 day moving average of $462.19.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last posted its quarterly earnings data 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 return on equity of 61.64% and a net margin of 11.52%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same quarter last year, the company earned $6.68 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, research analysts expect that Ulta Beauty, Inc. will post 26.94 earnings per share for the current fiscal year.

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

Ulta Beauty Company Profile

(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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Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty, Inc. (NASDAQ:ULTAFree Report).

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



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