Beauty

Ulta Magnificence, Inc. (NASDAQ:ULTA) Shares Bought by Dynamic Advisor Options LLC



Dynamic Advisor Solutions LLC decreased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 9.0% during the 4th quarter, HoldingsChannel reports. The fund owned 705 shares of the specialty retailer’s stock after selling 70 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Ulta Beauty were worth $332,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in Ulta Beauty by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock valued at $2,344,096,000 after buying an additional 40,190 shares in the last quarter. BlackRock Inc. raised its stake in Ulta Beauty by 9.5% during the second quarter. BlackRock Inc. now owns 4,236,208 shares of the specialty retailer’s stock valued at $1,993,538,000 after buying an additional 367,437 shares in the last quarter. State Street Corp raised its stake in Ulta Beauty by 2.3% during the second quarter. State Street Corp now owns 2,043,315 shares of the specialty retailer’s stock valued at $961,574,000 after buying an additional 45,487 shares in the last quarter. Morgan Stanley raised its stake 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. Finally, Price T Rowe Associates Inc. MD raised its stake in Ulta Beauty by 125.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,530,543 shares of the specialty retailer’s stock valued at $717,932,000 after buying an additional 852,258 shares in the last quarter. Institutional investors and hedge funds own 92.30% of the company’s stock.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several research reports. Stifel Nicolaus upped their price objective on Ulta Beauty from $505.00 to $565.00 and gave the company a “hold” rating in a research note on Friday, March 15th. UBS Group increased their price target on Ulta Beauty from $575.00 to $690.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Wells Fargo & Company increased their price target on Ulta Beauty from $400.00 to $450.00 and gave the stock an “underweight” rating in a research report on Friday, March 15th. Morgan Stanley increased their price target on Ulta Beauty from $480.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Friday, March 15th. Finally, JPMorgan Chase & Co. increased their price target on Ulta Beauty from $535.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $579.81.

Check Out Our Latest Report on Ulta Beauty

Insider Transactions at Ulta Beauty

In other news, COO Kecia Steelman sold 20,950 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now directly owns 10,494 shares of the company’s stock, valued at approximately $5,523,936.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Catherine Ann Halligan sold 500 shares of the 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 sale, the director now owns 1,665 shares in the company, valued at $876,222.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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. Insiders sold a total of 24,552 shares of company stock valued at $12,920,326 in the last three months. 0.34% of the stock is currently owned by corporate insiders.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $520.37 on Monday. The stock has a fifty day moving average price of $523.00 and a two-hundred day moving average price of $460.07. The firm has a market cap of $25.27 billion, a P/E ratio of 19.98, a PEG ratio of 2.06 and a beta of 1.31. 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 issued its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.49 by $0.59. The firm had revenue of $3.55 billion during 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 quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company posted $6.68 EPS. On average, research analysts predict that Ulta Beauty, Inc. will post 26.94 earnings per share for the current fiscal year.

Ulta Beauty announced that its board has initiated a share buyback plan on Thursday, March 14th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the specialty retailer to buy up to 7.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

About Ulta Beauty

(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.

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



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