Evergreen Wealth Management LLC Has $710,000 Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Evergreen Wealth Management LLC lifted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,448 shares of the specialty retailer’s stock after buying an additional 57 shares during the period. Evergreen Wealth Management LLC’s holdings in Ulta Beauty were worth $710,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB boosted its position in Ulta Beauty by 347.3% during the 4th quarter. Nordea Investment Management AB now owns 71,491 shares of the specialty retailer’s stock worth $35,061,000 after acquiring an additional 55,508 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Ulta Beauty during the fourth quarter worth $1,810,000. Charles Schwab Investment Management Inc. grew its position in Ulta Beauty by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 284,442 shares of the specialty retailer’s stock valued at $113,620,000 after purchasing an additional 2,126 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in Ulta Beauty by 6.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 27,037 shares of the specialty retailer’s stock valued at $13,248,000 after buying an additional 1,662 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its stake in Ulta Beauty by 3.4% in the 4th quarter. AdvisorNet Financial Inc now owns 1,188 shares of the specialty retailer’s stock valued at $582,000 after buying an additional 39 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wells Fargo & Company decreased their price objective on Ulta Beauty from $450.00 to $350.00 and set an “underweight” rating for the company in a report on Wednesday, April 24th. Morgan Stanley upped their price objective on Ulta Beauty from $480.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. raised their target price on shares of Ulta Beauty from $535.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, February 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 research report on Monday, April 8th. Finally, Raymond James decreased their price objective on shares of Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $548.05.

Insiders Place Their Bets

In related news, insider Anita Jane Ryan sold 3,102 shares of the company’s stock in a transaction dated 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 $1,420,801.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Kecia Steelman sold 20,950 shares of the 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 transaction, the chief operating officer now owns 10,494 shares of the company’s stock, valued at approximately $5,523,936.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Anita Jane Ryan sold 3,102 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $1,420,801.25. The disclosure for this sale can be found here. Insiders have sold a total of 24,552 shares of company stock worth $12,920,326 in the last 90 days. Company insiders own 0.34% of the company’s stock.

Ulta Beauty Stock Up 0.0 %

Shares of ULTA traded up $0.06 during midday trading on Friday, reaching $397.39. 591,398 shares of the stock were exchanged, compared to its average volume of 796,369. The stock’s 50 day simple moving average is $486.30 and its 200 day simple moving average is $470.17. The company has a market cap of $19.05 billion, a P/E ratio of 15.25, a PEG ratio of 1.63 and a beta of 1.36. Ulta Beauty, Inc. has a twelve month low of $368.02 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, topping the consensus estimate of $7.49 by $0.59. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter in the previous year, the company earned $6.68 EPS. The business’s revenue was up 10.2% on a year-over-year basis. As a group, analysts predict 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 share repurchase program on Thursday, March 14th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to reacquire up to 7.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

About Ulta Beauty

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.