910 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Bought by Headlands Technologies LLC

Headlands Technologies LLC bought a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 910 shares of the specialty retailer’s stock, valued at approximately $446,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Citizens Financial Group Inc. RI increased its stake in Ulta Beauty by 4.1% in the fourth quarter. Citizens Financial Group Inc. RI now owns 6,102 shares of the specialty retailer’s stock worth $2,990,000 after purchasing an additional 240 shares during the period. WD Rutherford LLC increased its stake in Ulta Beauty by 5.4% in the fourth quarter. WD Rutherford LLC now owns 2,542 shares of the specialty retailer’s stock worth $1,212,000 after purchasing an additional 130 shares during the period. Stanley Laman Group Ltd. purchased a new stake in Ulta Beauty in the fourth quarter worth $2,986,000. Bfsg LLC increased its stake in Ulta Beauty by 53.0% in the fourth quarter. Bfsg LLC now owns 6,258 shares of the specialty retailer’s stock worth $3,066,000 after purchasing an additional 2,167 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in Ulta Beauty in the fourth quarter worth $93,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

ULTA stock traded down $1.62 during trading on Friday, hitting $406.39. 637,675 shares of the company traded hands, compared to its average volume of 1,044,163. The stock’s 50-day simple moving average is $500.18 and its 200 day simple moving average is $468.35. The company has a market cap of $19.48 billion, a PE ratio of 15.60, a P/E/G ratio of 1.67 and a beta of 1.30. Ulta Beauty, Inc. has a 1 year low of $368.02 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, beating the consensus estimate of $7.49 by $0.59. The company had revenue of $3.55 billion during 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%. Ulta Beauty’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned $6.68 earnings per share. Research analysts expect that Ulta Beauty, Inc. will post 26.55 earnings per share for the current year.

Ulta Beauty announced that its board has approved a share buyback plan on Thursday, March 14th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the specialty retailer to repurchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Ulta Beauty

In related 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 transaction of $1,629,325.50. Following the completion of the transaction, the insider now directly owns 2,705 shares in the company, valued at $1,420,801.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Anita Jane Ryan sold 3,102 shares of the business’s 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 completion of the sale, the insider now directly owns 2,705 shares in the company, valued at $1,420,801.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kecia Steelman sold 20,950 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $5,523,936.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,552 shares of company stock worth $12,920,326. 0.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ULTA. Wells Fargo & Company cut their price target on Ulta Beauty from $450.00 to $350.00 and set an “underweight” rating on the stock in a research note on Wednesday. Telsey Advisory Group restated an “outperform” rating and set a $600.00 price target on shares of Ulta Beauty in a research note on Friday, March 15th. Piper Sandler cut their price target on Ulta Beauty from $665.00 to $595.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Loop Capital upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 price target on the stock in a research note on Monday, April 8th. Finally, Raymond James dropped their price objective on Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $556.52.

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.