Ossiam decreased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 32.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,453 shares of the specialty retailer’s stock after selling 1,157 shares during the quarter. Ossiam’s holdings in Ulta Beauty were worth $1,202,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new stake in Ulta Beauty in the 4th quarter valued at $25,000. BKM Wealth Management LLC bought a new stake in Ulta Beauty in the 4th quarter valued at $28,000. Loomis Sayles & Co. L P increased its holdings in Ulta Beauty by 364.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 51 shares during the last quarter. Webster Bank N. A. bought a new stake in Ulta Beauty in the 4th quarter valued at $33,000. Finally, Manchester Capital Management LLC increased its holdings in Ulta Beauty by 41.2% in the 4th quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 21 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $526.26, for a total value of $263,130.00. Following the completion of the transaction, the director now directly owns 1,665 shares of the company’s stock, valued at approximately $876,222.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Ulta Beauty news, insider Anita Jane Ryan sold 3,102 shares of the firm’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 sale, the insider now directly owns 2,705 shares in the company, valued at $1,420,801.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $526.26, for a total transaction of $263,130.00. Following the completion of the transaction, the director now directly owns 1,665 shares in the company, valued at $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 over the last 90 days. Company insiders own 0.39% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on ULTA. JPMorgan Chase & Co. boosted their target price on shares of Ulta Beauty from $530.00 to $544.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a report on Friday, May 31st. Bank of America reduced their target price on shares of Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Loop Capital upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 target price on the stock in a report on Monday, April 8th. Finally, Citigroup reduced their target price on shares of Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $507.30.
View Our Latest Analysis on Ulta Beauty
Ulta Beauty Price Performance
Ulta Beauty stock opened at $387.69 on Wednesday. The stock has a market cap of $18.50 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.66 and a beta of 1.36. Ulta Beauty, Inc. has a 1 year low of $368.02 and a 1 year high of $574.76. The firm has a 50-day moving average of $405.84 and a two-hundred day moving average of $469.91.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.19 by $0.28. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the previous year, the company earned $6.88 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Research analysts expect that Ulta Beauty, Inc. will post 25.76 earnings per share for the current year.
Ulta Beauty declared that its Board of Directors has authorized a stock buyback program on Thursday, March 14th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to purchase up to 7.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Ulta Beauty Profile
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.
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