Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC lessened its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 31.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,935 shares of the specialty retailer’s stock after selling 899 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Ulta Beauty were worth $948,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT raised its stake in Ulta Beauty by 1.6% during 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 in the last quarter. Pathstone Family Office LLC raised its stake in Ulta Beauty by 0.8% during the 4th quarter. Pathstone Family Office LLC now owns 2,852 shares of the specialty retailer’s stock valued at $1,338,000 after acquiring an additional 22 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in Ulta Beauty by 4.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 535 shares of the specialty retailer’s stock valued at $214,000 after acquiring an additional 22 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in Ulta Beauty by 4.9% during the 1st quarter. Wetherby Asset Management Inc. now owns 491 shares of the specialty retailer’s stock valued at $268,000 after acquiring an additional 23 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in Ulta Beauty by 0.8% during the 4th quarter. Pinnacle Associates Ltd. now owns 2,828 shares of the specialty retailer’s stock valued at $1,386,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

ULTA traded down $74.78 during mid-day trading on Wednesday, reaching $444.90. The stock had a trading volume of 2,540,129 shares, compared to its average volume of 694,603. The stock has a market capitalization of $21.48 billion, a P/E ratio of 17.22, a P/E/G ratio of 2.09 and a beta of 1.30. The firm’s fifty day simple moving average is $528.84 and its two-hundred day simple moving average is $465.14. Ulta Beauty, Inc. has a 52 week low of $368.02 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last announced its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, beating analysts’ consensus estimates of $7.49 by $0.59. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.53 billion. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $6.68 EPS. As a group, analysts expect that Ulta Beauty, Inc. will post 26.94 EPS for the current fiscal year.

Ulta Beauty declared that its board has authorized a stock buyback program on Thursday, March 14th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to purchase up to 7.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of research reports. Wells Fargo & Company boosted 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. Stifel Nicolaus boosted their price objective on Ulta Beauty from $505.00 to $565.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on Ulta Beauty from $574.00 to $627.00 in a research note on Friday, March 15th. BMO Capital Markets boosted their price objective on Ulta Beauty from $485.00 to $540.00 and gave the stock a “market perform” rating in a research note on Friday, March 15th. Finally, UBS Group lifted their target price on Ulta Beauty from $575.00 to $690.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $577.70.

Get Our Latest Stock Analysis on Ulta Beauty

Insider Buying and Selling at Ulta Beauty

In other news, COO Kecia Steelman sold 20,950 shares of the firm’s 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 transaction, the chief operating officer now directly owns 10,494 shares in the company, valued at approximately $5,523,936.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Kecia Steelman sold 20,950 shares of the firm’s 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 transaction, the chief operating officer now directly owns 10,494 shares in the company, valued at approximately $5,523,936.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the firm’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 completion of the transaction, the director now owns 1,665 shares in the company, valued at $876,222.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,552 shares of company stock worth $12,920,326. Insiders own 0.34% of the company’s stock.

About Ulta Beauty

(Free Report)

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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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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