Prime Capital Investment Advisors LLC boosted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,631 shares of the specialty retailer’s stock after acquiring an additional 382 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Ulta Beauty were worth $1,289,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT raised its stake in shares of Ulta Beauty by 1.6% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 1,260 shares of the specialty retailer’s stock valued at $591,000 after acquiring an additional 20 shares during the period. Pathstone Family Office LLC grew its holdings in shares of Ulta Beauty by 0.8% in the fourth quarter. Pathstone Family Office LLC now owns 2,852 shares of the specialty retailer’s stock valued at $1,338,000 after purchasing an additional 22 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of Ulta Beauty by 4.3% in the third quarter. Raleigh Capital Management Inc. now owns 535 shares of the specialty retailer’s stock valued at $214,000 after purchasing an additional 22 shares in the last quarter. Wetherby Asset Management Inc. grew its holdings in shares of Ulta Beauty by 4.9% in the first quarter. Wetherby Asset Management Inc. now owns 491 shares of the specialty retailer’s stock valued at $268,000 after purchasing an additional 23 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Ulta Beauty by 0.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 2,828 shares of the specialty retailer’s stock valued at $1,386,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on ULTA. Stifel Nicolaus lifted their price objective on shares of Ulta Beauty from $505.00 to $565.00 and gave the company a “hold” rating in a report on Friday, March 15th. Loop Capital upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 price objective for the company in a report on Monday. DA Davidson reiterated a “buy” rating and set a $595.00 price target on shares of Ulta Beauty in a report on Friday, March 15th. Barclays boosted their price target on shares of Ulta Beauty from $583.00 to $612.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Finally, Piper Sandler boosted their price target on shares of Ulta Beauty from $635.00 to $665.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty has an average rating of “Moderate Buy” and an average price target of $575.45.
Get Our Latest Analysis on ULTA
Ulta Beauty Trading Up 1.8 %
Shares of Ulta Beauty stock opened at $452.78 on Tuesday. The company has a fifty day simple moving average of $525.10 and a 200-day simple moving average of $466.21. Ulta Beauty, Inc. has a 12-month low of $368.02 and a 12-month high of $574.76. The stock has a market cap of $21.86 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.77 and a beta of 1.30.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, beating the consensus estimate of $7.49 by $0.59. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the prior year, the firm earned $6.68 EPS. Ulta Beauty’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts forecast that Ulta Beauty, Inc. will post 26.81 earnings per share for the current fiscal year.
Ulta Beauty declared that its Board of Directors has approved a share buyback program on Thursday, March 14th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the specialty retailer to buy up to 7.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.
Insider Activity at Ulta Beauty
In related news, COO Kecia Steelman sold 20,950 shares of the company’s 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 in the company, valued at approximately $5,523,936.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Ulta Beauty news, COO Kecia Steelman sold 20,950 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now owns 10,494 shares in the company, valued at approximately $5,523,936.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anita Jane Ryan sold 3,102 shares of the company’s 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 of the company’s stock, valued at approximately $1,420,801.25. The disclosure for this sale can be found here. Insiders sold a total of 24,552 shares of company stock worth $12,920,326 in the last 90 days. 0.34% of the stock is owned by insiders.
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.
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