Whittier Trust Co. trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 14.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 407 shares of the specialty retailer’s stock after selling 71 shares during the quarter. Whittier Trust Co.’s holdings in Ulta Beauty were worth $199,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB raised its holdings in shares of Ulta Beauty by 347.3% in the fourth quarter. Nordea Investment Management AB now owns 71,491 shares of the specialty retailer’s stock valued at $35,061,000 after buying an additional 55,508 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Ulta Beauty by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 284,442 shares of the specialty retailer’s stock worth $113,620,000 after purchasing an additional 2,126 shares during the last quarter. AXQ Capital LP bought a new stake in Ulta Beauty during the 3rd quarter worth about $879,000. First Hawaiian Bank raised its holdings in Ulta Beauty by 56.5% during the 4th quarter. First Hawaiian Bank now owns 6,769 shares of the specialty retailer’s stock worth $3,317,000 after purchasing an additional 2,444 shares during the last quarter. Finally, Diversified Trust Co raised its holdings in Ulta Beauty by 4.8% during the 4th quarter. Diversified Trust Co now owns 1,976 shares of the specialty retailer’s stock worth $968,000 after purchasing an additional 90 shares during the last quarter. 90.39% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Robert W. Baird boosted their price objective on Ulta Beauty from $575.00 to $625.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Stifel Nicolaus boosted their price objective on Ulta Beauty from $505.00 to $565.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Jefferies Financial Group boosted their price objective on Ulta Beauty from $587.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Barclays boosted their target price on Ulta Beauty from $583.00 to $612.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Finally, Piper Sandler boosted their target price on Ulta Beauty from $635.00 to $665.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $579.81.
View Our Latest Analysis on Ulta Beauty
Insider Activity at Ulta Beauty
In other Ulta Beauty news, COO Kecia Steelman sold 20,950 shares of the 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 transaction, the chief operating officer now owns 10,494 shares in the company, valued at approximately $5,523,936.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Ulta Beauty news, insider Anita Jane Ryan sold 3,102 shares of the stock in a transaction on 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 owns 2,705 shares in the company, valued at approximately $1,420,801.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kecia Steelman sold 20,950 shares of the stock in a transaction 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 sale, the chief operating officer now directly owns 10,494 shares in the company, valued at $5,523,936.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,552 shares of company stock worth $12,920,326. Company insiders own 0.34% of the company’s stock.
Ulta Beauty Trading Down 2.8 %
ULTA opened at $505.57 on Tuesday. Ulta Beauty, Inc. has a 1-year low of $368.02 and a 1-year high of $574.76. The stock’s fifty day simple moving average is $523.00 and its 200 day simple moving average is $460.07. The stock has a market cap of $24.55 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 2.06 and a beta of 1.31.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last posted its quarterly earnings results 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 business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter in the prior year, the business earned $6.68 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities analysts forecast that Ulta Beauty, Inc. will post 26.94 earnings per share for the current year.
Ulta Beauty announced that its board has initiated a stock repurchase program on Thursday, March 14th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase up to 7.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.
Ulta Beauty Company Profile
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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