Stratos Wealth Partners LTD. lessened its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 26.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,119 shares of the specialty retailer’s stock after selling 411 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Ulta Beauty were worth $548,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P lifted its holdings in shares of Ulta Beauty by 364.3% in the third quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock worth $26,000 after buying an additional 51 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new stake in Ulta Beauty in the 2nd quarter worth $26,000. BKM Wealth Management LLC purchased a new stake in Ulta Beauty in the 4th quarter worth $28,000. Parkside Financial Bank & Trust boosted its holdings in shares of Ulta Beauty by 59.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares during the last quarter. Finally, VisionPoint Advisory Group LLC grew its position in shares of Ulta Beauty by 7,300.0% during the third quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 73 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on ULTA. Evercore ISI lowered their target price 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. BMO Capital Markets increased their price objective on shares of Ulta Beauty from $485.00 to $540.00 and gave the company a “market perform” rating in a research report on Friday, March 15th. DA Davidson restated a “buy” rating and issued a $595.00 target price on shares of Ulta Beauty in a report on Friday, March 15th. Loop Capital raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 price target for the company in a report on Monday, April 8th. Finally, Piper Sandler reduced their price objective on Ulta Beauty from $665.00 to $595.00 and set an “overweight” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $570.70.
Read Our Latest Report on ULTA
Insider Activity
In related news, COO Kecia Steelman sold 20,950 shares of Ulta Beauty 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 transaction, the chief operating officer now directly owns 10,494 shares in the company, valued at approximately $5,523,936.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction dated 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 $876,222.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Kecia Steelman sold 20,950 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 10,494 shares in the company, valued at approximately $5,523,936.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,552 shares of company stock valued at $12,920,326. Company insiders own 0.34% of the company’s stock.
Ulta Beauty Stock Performance
Ulta Beauty stock opened at $442.32 on Friday. The company has a market capitalization of $21.35 billion, a P/E ratio of 16.98, a PEG ratio of 1.85 and a beta of 1.30. Ulta Beauty, Inc. has a fifty-two week low of $368.02 and a fifty-two week high of $574.76. The stock has a 50-day simple moving average of $520.62 and a 200-day simple moving average of $466.67.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last announced its earnings results on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, beating analysts’ consensus estimates of $7.49 by $0.59. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $6.68 earnings per share. As a group, analysts forecast that Ulta Beauty, Inc. will post 26.74 earnings per share for the current year.
Ulta Beauty announced that its board has authorized a share repurchase 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 buy up to 7.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
Ulta Beauty Company 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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