Beauty

Ulta Magnificence, Inc. (NASDAQ:ULTA) Place Elevated by US Bancorp DE



US Bancorp DE increased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 40.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,539 shares of the specialty retailer’s stock after acquiring an additional 4,729 shares during the period. US Bancorp DE’s holdings in Ulta Beauty were worth $8,104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley raised its holdings in Ulta Beauty by 56.7% during the third quarter. Morgan Stanley now owns 1,538,533 shares of the specialty retailer’s stock valued at $614,568,000 after buying an additional 556,809 shares in the last quarter. Northern Trust Corp raised its holdings in Ulta Beauty by 3.9% during the third quarter. Northern Trust Corp now owns 575,658 shares of the specialty retailer’s stock valued at $229,947,000 after buying an additional 21,828 shares in the last quarter. Invesco Ltd. raised its holdings in Ulta Beauty by 6.2% during the third quarter. Invesco Ltd. now owns 570,913 shares of the specialty retailer’s stock valued at $228,051,000 after buying an additional 33,508 shares in the last quarter. Norges Bank bought a new position in Ulta Beauty during the fourth quarter valued at about $263,192,000. Finally, Boston Partners increased its stake in shares of Ulta Beauty by 86.5% in the third quarter. Boston Partners now owns 342,547 shares of the specialty retailer’s stock worth $136,451,000 after purchasing an additional 158,897 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Trading Up 1.5 %

NASDAQ ULTA opened at $381.78 on Tuesday. The stock’s 50 day moving average is $435.45 and its two-hundred day moving average is $471.38. The company has a market capitalization of $18.30 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.59 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.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last released 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 for the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the previous year, the business earned $6.68 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts predict that Ulta Beauty, Inc. will post 26.35 earnings per share for the current year.

Ulta Beauty declared that its board has authorized a stock repurchase program on Thursday, March 14th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the specialty retailer to buy up to 7.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, COO Kecia Steelman sold 20,950 shares of Ulta Beauty stock in a transaction that occurred 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 transaction, the chief operating officer now owns 10,494 shares in the company, valued at $5,523,936.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 1,665 shares in the company, valued at approximately $876,222.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $11,027,870.50. Following the completion of the transaction, the chief operating officer now owns 10,494 shares of the company’s stock, valued at approximately $5,523,936.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,552 shares of company stock worth $12,920,326. Insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of recent analyst reports. Telsey Advisory Group dropped their price objective on Ulta Beauty from $600.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday. Stifel Nicolaus dropped their price objective on Ulta Beauty from $565.00 to $475.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. Piper Sandler dropped their price objective on Ulta Beauty from $595.00 to $505.00 and set an “overweight” rating on the stock in a research note on Monday, May 20th. Morgan Stanley lifted their price objective on Ulta Beauty from $480.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Friday, March 15th. Finally, DA Davidson reiterated a “buy” rating and issued a $595.00 price objective on shares of Ulta Beauty in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ulta Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $527.57.

View Our Latest Stock Report on Ulta Beauty

Ulta Beauty Company Profile

(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

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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