Beauty

Northern Belief Corp Has $267.47 Million Stake in Ulta Magnificence, Inc. (NASDAQ:ULTA)



Northern Trust Corp decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 545,868 shares of the specialty retailer’s stock after selling 29,790 shares during the quarter. Northern Trust Corp owned 1.12% of Ulta Beauty worth $267,470,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Ulta Beauty during the fourth quarter worth about $25,000. BKM Wealth Management LLC bought a new stake in shares of Ulta Beauty during the fourth quarter worth about $28,000. Loomis Sayles & Co. L P grew its holdings in shares of Ulta Beauty by 364.3% during the third quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 51 shares during the last quarter. Webster Bank N. A. bought a new stake in shares of Ulta Beauty during the fourth quarter worth about $33,000. Finally, Manchester Capital Management LLC grew its holdings in shares of Ulta Beauty by 41.2% during the fourth quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ULTA. TD Cowen reduced their price target on Ulta Beauty from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Deutsche Bank Aktiengesellschaft upped their target price on Ulta Beauty from $574.00 to $627.00 in a report on Friday, March 15th. Citigroup reduced their target price on Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Stifel Nicolaus reduced their target price on Ulta Beauty from $565.00 to $475.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. Finally, Robert W. Baird reduced their target price on Ulta Beauty from $625.00 to $525.00 and set an “outperform” rating on the stock in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $507.30.

Check Out Our Latest Stock Report on ULTA

Insider Transactions at Ulta Beauty

In other news, insider Anita Jane Ryan sold 3,102 shares of the company’s stock in a transaction that occurred 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 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 Securities & Exchange Commission, which is available through the SEC website. In related news, insider Anita Jane Ryan sold 3,102 shares of the 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 completion of the sale, the insider now directly owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Kecia Steelman sold 20,950 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.39, for a total value of $11,027,870.50. Following the completion of the sale, the chief operating officer now directly owns 10,494 shares of the company’s stock, valued at $5,523,936.66. The disclosure for this sale can be found here. Insiders have sold 24,552 shares of company stock valued at $12,920,326 over the last ninety days. 0.39% of the stock is owned by company insiders.

Ulta Beauty Stock Down 0.6 %

Shares of NASDAQ:ULTA opened at $382.61 on Friday. Ulta Beauty, Inc. has a twelve month low of $368.02 and a twelve month high of $574.76. The stock’s 50 day moving average is $411.41 and its 200-day moving average is $469.86. The firm has a market capitalization of $18.26 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.66 and a beta of 1.36.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last issued its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, topping analysts’ consensus estimates of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period in the prior year, the firm earned $6.88 earnings per share. Ulta Beauty’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts anticipate that Ulta Beauty, Inc. will post 25.76 earnings per share for the current fiscal year.

Ulta Beauty announced that its board has approved a share repurchase plan 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 plans are often a sign that the company’s management believes its stock is undervalued.

About Ulta Beauty

(Free Report)

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.

Further Reading

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



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