737 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Purchased by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 737 shares of the specialty retailer’s stock, valued at approximately $361,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Ulta Beauty by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 289,442 shares of the specialty retailer’s stock worth $141,824,000 after acquiring an additional 5,000 shares during the period. Apollon Wealth Management LLC increased its stake in shares of Ulta Beauty by 9.9% in the fourth quarter. Apollon Wealth Management LLC now owns 955 shares of the specialty retailer’s stock worth $468,000 after purchasing an additional 86 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Ulta Beauty by 4.3% in the fourth quarter. Private Advisor Group LLC now owns 5,842 shares of the specialty retailer’s stock valued at $2,863,000 after purchasing an additional 243 shares during the period. Summit Trail Advisors LLC lifted its stake in shares of Ulta Beauty by 13.1% during the 4th quarter. Summit Trail Advisors LLC now owns 621 shares of the specialty retailer’s stock valued at $304,000 after buying an additional 72 shares in the last quarter. Finally, Nkcfo LLC lifted its stake in shares of Ulta Beauty by 14.4% during the 4th quarter. Nkcfo LLC now owns 183 shares of the specialty retailer’s stock valued at $90,000 after buying an additional 23 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird boosted their target price on shares of Ulta Beauty from $575.00 to $625.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Telsey Advisory Group restated an “outperform” rating and issued a $600.00 target price on shares of Ulta Beauty in a research note on Friday, March 15th. Loop Capital raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 price target on the stock in a report on Monday, April 8th. Piper Sandler decreased their target price on shares of Ulta Beauty from $665.00 to $595.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Finally, Raymond James lowered their target price on shares of Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $546.86.

Ulta Beauty Stock Performance

Shares of ULTA stock traded down $1.21 on Tuesday, hitting $393.67. 788,987 shares of the company’s stock traded hands, compared to its average volume of 765,582. The stock has a market capitalization of $18.87 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 1.63 and a beta of 1.36. The company’s fifty day simple moving average is $479.71 and its 200 day simple moving average is $470.48. Ulta Beauty, Inc. has a one year low of $368.02 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share (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 analysts’ expectations of $3.53 billion. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $6.68 earnings per share. As a group, sell-side analysts anticipate that Ulta Beauty, Inc. will post 26.55 earnings per share 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 repurchase $2.00 billion in shares. This repurchase authorization allows the specialty retailer to buy up to 7.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, insider Anita Jane Ryan sold 3,102 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total transaction of $1,629,325.50. Following the completion of the sale, the insider now owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other 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 value of $1,629,325.50. Following the sale, the insider now directly owns 2,705 shares in the company, valued at approximately $1,420,801.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total transaction of $263,130.00. Following the transaction, the director now owns 1,665 shares in the company, valued at approximately $876,222.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,552 shares of company stock worth $12,920,326. Insiders own 0.34% 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.