Beauty

Pinnacle Associates Ltd. Has $1.39 Million Inventory Holdings in Ulta Magnificence, Inc. (NASDAQ:ULTA)



Pinnacle Associates Ltd. lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,828 shares of the specialty retailer’s stock after buying an additional 23 shares during the period. Pinnacle Associates Ltd.’s holdings in Ulta Beauty were worth $1,386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coppell Advisory Solutions LLC acquired a new stake in shares of Ulta Beauty in the second quarter worth $26,000. Ancora Advisors LLC acquired a new stake in shares of Ulta Beauty in the first quarter worth $31,000. Fortis Capital Advisors LLC acquired a new stake in shares of Ulta Beauty in the first quarter worth $31,000. BKM Wealth Management LLC acquired a new stake in Ulta Beauty during the fourth quarter valued at $28,000. Finally, Carolinas Wealth Consulting LLC boosted its position in Ulta Beauty by 106.7% during the first quarter. Carolinas Wealth Consulting LLC now owns 62 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Transactions at Ulta Beauty

In related news, insider Anita Jane Ryan sold 3,102 shares of the business’s stock in a transaction dated 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 in the company, valued at $1,420,801.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Anita Jane Ryan sold 3,102 shares of the business’s stock in a transaction dated 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 in the company, valued at $1,420,801.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Catherine Ann Halligan sold 500 shares of the stock in a transaction dated Tuesday, March 19th. The stock was 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 of the company’s stock, valued at $876,222.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,552 shares of company stock worth $12,920,326. Company insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of research reports. Telsey Advisory Group reissued an “outperform” rating and set a $600.00 price objective on shares of Ulta Beauty in a research report on Friday, March 15th. JPMorgan Chase & Co. lifted their price objective on Ulta Beauty from $535.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Evercore ISI reduced their price objective on Ulta Beauty from $656.00 to $635.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. Argus lifted their price objective on Ulta Beauty from $500.00 to $545.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. Finally, DA Davidson reissued a “buy” rating and set a $595.00 price objective on shares of Ulta Beauty in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $577.70.

Check Out Our Latest Stock Report on ULTA

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $529.01 on Tuesday. The business’s 50-day simple moving average is $527.01 and its 200-day simple moving average is $463.60. The firm has a market capitalization of $25.54 billion, a PE ratio of 20.31, a PEG ratio of 2.07 and a beta of 1.30. Ulta Beauty, Inc. has a 52 week low of $368.02 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last posted its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, topping analysts’ consensus estimates of $7.49 by $0.59. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.53 billion. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $6.68 earnings per share. Research analysts forecast that Ulta Beauty, Inc. will post 26.94 earnings per share for the current year.

Ulta Beauty announced that its Board of Directors has initiated a stock buyback plan on Thursday, March 14th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the specialty retailer to purchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board 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.

Featured Articles

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)



Receive News & Ratings for Ulta Beauty Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ulta Beauty and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button