Signaturefd LLC increased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 617 shares of the specialty retailer’s stock after purchasing an additional 26 shares during the period. Signaturefd LLC’s holdings in Ulta Beauty were worth $246,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of ULTA. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of Ulta Beauty in the 4th quarter worth $25,000. North Star Investment Management Corp. bought a new position in Ulta Beauty in the fourth quarter valued at $27,000. Bank of New Hampshire bought a new stake in Ulta Beauty during the first quarter worth about $29,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of Ulta Beauty in the 4th quarter worth about $31,000. Finally, Nkcfo LLC bought a new position in shares of Ulta Beauty during the 4th quarter valued at about $49,000. 89.20% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Ulta Beauty
In related news, Director George R. Mrkonic, Jr. sold 476 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $391.84, for a total transaction of $186,515.84. Following the completion of the transaction, the director now owns 2,393 shares of the company’s stock, valued at approximately $937,673.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Scott M. Settersten sold 32,532 shares of the stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $426.63, for a total transaction of $13,879,127.16. Following the sale, the chief financial officer now owns 14,037 shares in the company, valued at $5,988,605.31. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director George R. Mrkonic, Jr. sold 476 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $391.84, for a total transaction of $186,515.84. Following the completion of the transaction, the director now owns 2,393 shares of the company’s stock, valued at $937,673.12. The disclosure for this sale can be found here. Insiders have sold a total of 46,207 shares of company stock valued at $19,411,502 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.
Ulta Beauty Stock Down 1.2%
Shares of ULTA stock opened at $406.40 on Friday. The business’s fifty day moving average is $392.42 and its 200 day moving average is $387.13. The stock has a market cap of $21.06 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.92 and a beta of 1.50. Ulta Beauty, Inc. has a twelve month low of $329.48 and a twelve month high of $438.63.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last issued its quarterly earnings results on Thursday, May 26th. The specialty retailer reported $6.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.44 by $1.86. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Ulta Beauty had a net margin of 12.03% and a return on equity of 60.83%. Ulta Beauty’s revenue was up 21.0% on a year-over-year basis. During the same period last year, the company posted $4.10 EPS. Equities research analysts expect that Ulta Beauty, Inc. will post 20.08 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Barclays upped their target price on Ulta Beauty from $469.00 to $491.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 31st. StockNews.com raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a report on Friday, July 1st. Citigroup boosted their price target on shares of Ulta Beauty from $393.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 31st. Jefferies Financial Group raised Ulta Beauty from a “hold” rating to a “buy” rating and raised their price objective for the company from $400.00 to $475.00 in a research note on Friday, May 27th. Finally, Raymond James raised Ulta Beauty from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $475.00 to $485.00 in a research note on Wednesday, June 29th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $460.05.
About Ulta Beauty
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.
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