Quarry LP increased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 104.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100 shares of the specialty retailer’s stock after purchasing an additional 51 shares during the quarter. Quarry LP’s holdings in Ulta Beauty were worth $49,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of ULTA. Loomis Sayles & Co. L P lifted its position in Ulta Beauty by 364.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 51 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Ulta Beauty by 19.2% during the third quarter. PNC Financial Services Group Inc. now owns 18,898 shares of the specialty retailer’s stock worth $7,549,000 after buying an additional 3,040 shares in the last quarter. Kestra Advisory Services LLC raised its position in Ulta Beauty by 54.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 3,717 shares of the specialty retailer’s stock valued at $1,485,000 after buying an additional 1,317 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Ulta Beauty in the 3rd quarter valued at approximately $1,357,000. Finally, Invesco Ltd. boosted its position in Ulta Beauty by 6.2% during the 3rd quarter. Invesco Ltd. now owns 570,913 shares of the specialty retailer’s stock worth $228,051,000 after acquiring an additional 33,508 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. UBS Group boosted their price objective on shares of Ulta Beauty from $575.00 to $690.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. BMO Capital Markets decreased their price objective on Ulta Beauty from $540.00 to $500.00 and set a “market perform” rating for the company in a report on Friday, May 31st. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $530.00 to $544.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Deutsche Bank Aktiengesellschaft raised their price target on Ulta Beauty from $574.00 to $627.00 in a research note on Friday, March 15th. Finally, The Goldman Sachs Group dropped their price objective on Ulta Beauty from $605.00 to $476.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $507.30.
Check Out Our Latest Stock Analysis on Ulta Beauty
Ulta Beauty Stock Performance
NASDAQ:ULTA opened at $390.82 on Monday. Ulta Beauty, Inc. has a 52 week low of $368.02 and a 52 week high of $574.76. The firm’s 50-day simple moving average is $402.72 and its 200 day simple moving average is $469.38. The firm has a market cap of $18.65 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 1.70 and a beta of 1.36.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last announced its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, topping the consensus estimate of $6.19 by $0.28. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $6.88 earnings per share. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 25.76 EPS for the current year.
Ulta Beauty declared that its board has initiated a share buyback program on Thursday, March 14th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the specialty retailer to repurchase up to 7.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
Insider Buying and Selling at Ulta Beauty
In other news, COO Kecia Steelman sold 20,950 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were 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 owns 10,494 shares of the company’s stock, valued at approximately $5,523,936.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Kecia Steelman sold 20,950 shares of the business’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 transaction, the chief operating officer now owns 10,494 shares of the company’s stock, valued at approximately $5,523,936.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Catherine Ann Halligan sold 500 shares of the company’s 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 sale, the director now owns 1,665 shares of the company’s stock, valued at $876,222.90. The disclosure for this sale can be found here. Insiders sold 24,552 shares of company stock valued at $12,920,326 in the last three months. Corporate insiders own 0.39% of the company’s stock.
Ulta Beauty 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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