Global Retirement Partners LLC cut its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 24.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,154 shares of the specialty retailer’s stock after selling 382 shares during the quarter. Global Retirement Partners LLC’s holdings in Ulta Beauty were worth $549,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of ULTA. Loomis Sayles & Co. L P lifted its stake 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 acquiring an additional 51 shares during the period. Coppell Advisory Solutions LLC acquired a new position in shares of Ulta Beauty in the second quarter worth approximately $26,000. BKM Wealth Management LLC acquired a new position in shares of Ulta Beauty in the fourth quarter worth approximately $28,000. Parkside Financial Bank & Trust lifted its stake in shares of Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 26 shares during the period. Finally, VisionPoint Advisory Group LLC lifted its stake in shares of Ulta Beauty by 7,300.0% in the third quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 73 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.
Ulta Beauty Stock Up 1.2 %
NASDAQ ULTA opened at $529.01 on Tuesday. The company has a market cap of $25.54 billion, a price-to-earnings ratio of 20.31, a P/E/G 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. The business has a 50 day moving average price of $527.01 and a 200-day moving average price of $463.60.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last announced its earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.49 by $0.59. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. Ulta Beauty’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.68 earnings per share. On average, equities research analysts anticipate that Ulta Beauty, Inc. will post 26.94 earnings per share for the current year.
Ulta Beauty declared that its board has authorized a stock buyback program on Thursday, March 14th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to buy up to 7.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
Insider Activity at Ulta Beauty
In related news, insider Anita Jane Ryan sold 3,102 shares of Ulta Beauty stock in a transaction that occurred 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 of the company’s stock, valued at $1,420,801.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Anita Jane Ryan sold 3,102 shares of Ulta Beauty stock in a transaction that occurred 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 of the company’s stock, valued at $1,420,801.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty 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 transaction, the director now directly owns 1,665 shares in the company, valued at approximately $876,222.90. The disclosure for this sale can be found here. Insiders have sold a total of 24,552 shares of company stock valued at $12,920,326 over the last 90 days. Insiders own 0.34% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently commented on ULTA. Wells Fargo & Company lifted their price objective on Ulta Beauty from $400.00 to $450.00 and gave the stock an “underweight” rating in a research note on Friday, March 15th. 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 report on Friday, March 15th. Telsey Advisory Group reiterated an “outperform” rating and issued a $600.00 target price on shares of Ulta Beauty in a report on Friday, March 15th. BMO Capital Markets lifted their target price on Ulta Beauty from $485.00 to $540.00 and gave the stock a “market perform” rating in a report on Friday, March 15th. Finally, Piper Sandler lifted their target price on Ulta Beauty from $635.00 to $665.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $577.70.
View Our Latest Research Report on ULTA
About Ulta Beauty
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.
Further Reading
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