80 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Bought by EdgeRock Capital LLC

EdgeRock Capital LLC purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 80 shares of the specialty retailer’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Ulta Beauty during the 4th quarter valued at approximately $25,000. BKM Wealth Management LLC purchased a new stake in Ulta Beauty during the fourth quarter valued at $28,000. Loomis Sayles & Co. L P lifted its position in Ulta Beauty by 364.3% during the third quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. Webster Bank N. A. purchased a new position in shares of Ulta Beauty in the 4th quarter worth $33,000. Finally, VisionPoint Advisory Group LLC increased its holdings in shares of Ulta Beauty by 7,300.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock worth $30,000 after buying an additional 73 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Ulta Beauty from $535.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Raymond James decreased their price target on Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 3rd. Evercore ISI dropped their price objective on shares of Ulta Beauty from $656.00 to $635.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. Jefferies Financial Group reiterated a “hold” rating and set a $438.00 price objective (down previously from $585.00) on shares of Ulta Beauty in a research report on Friday, April 19th. Finally, Piper Sandler lowered their target price on shares of Ulta Beauty from $665.00 to $595.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. 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 stock. According to data from MarketBeat.com, Ulta Beauty has an average rating of “Moderate Buy” and a consensus target price of $546.86.

Ulta Beauty Stock Performance

Ulta Beauty stock traded down $5.19 during midday trading on Wednesday, hitting $388.48. 699,094 shares of the company’s stock were exchanged, compared to its average volume of 764,831. The company has a market cap of $18.62 billion, a PE ratio of 14.91, a P/E/G ratio of 1.63 and a beta of 1.36. The firm has a 50-day moving average of $479.71 and a two-hundred day moving average of $470.48. Ulta Beauty, Inc. has a 12 month low of $368.02 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released 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 the consensus estimate of $3.53 billion. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm earned $6.68 earnings per share. As a group, equities analysts expect that Ulta Beauty, Inc. will post 26.55 earnings per share for the current year.

Ulta Beauty announced that its Board of Directors has authorized a stock repurchase program on Thursday, March 14th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire up to 7.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Ulta Beauty

In related news, insider Anita Jane Ryan sold 3,102 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 2,705 shares of the company’s stock, valued at $1,420,801.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Kecia Steelman sold 20,950 shares of the company’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 transaction, the chief operating officer now directly owns 10,494 shares of the company’s stock, valued at $5,523,936.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Anita Jane Ryan sold 3,102 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly 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. In the last three months, insiders sold 24,552 shares of company stock valued at $12,920,326. Corporate insiders own 0.34% of the company’s stock.

Ulta Beauty Company 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.