571 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC bought a new position in Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) during the fourth quarter, Holdings Channel reports. The firm bought 571 shares of the specialty retailer’s stock, valued at approximately $280,000.

Other institutional investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC bought a new stake in Ulta Beauty in the 2nd quarter worth about $26,000. Ancora Advisors LLC bought a new stake in Ulta Beauty in the 1st quarter worth about $31,000. Fortis Capital Advisors LLC bought a new stake in Ulta Beauty in the 1st quarter worth about $31,000. BKM Wealth Management LLC bought a new stake in Ulta Beauty in the 4th quarter worth about $28,000. Finally, Carolinas Wealth Consulting LLC grew its position in shares of Ulta Beauty by 106.7% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 62 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 32 shares during the period. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $522.88 on Friday. Ulta Beauty, Inc. has a 1 year low of $368.02 and a 1 year high of $574.76. The stock has a market capitalization of $25.24 billion, a PE ratio of 20.07, a P/E/G ratio of 2.03 and a beta of 1.31. The company’s 50 day simple moving average is $526.00 and its two-hundred day simple moving average is $462.19.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last posted its earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.49 by $0.59. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $6.68 EPS. On average, research analysts anticipate that Ulta Beauty, Inc. will post 26.94 EPS for the current year.

Ulta Beauty declared that its board has approved a stock buyback plan on Thursday, March 14th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 7.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, COO Kecia Steelman sold 20,950 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the sale, the chief operating officer now owns 10,494 shares in the company, valued at approximately $5,523,936.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, COO Kecia Steelman sold 20,950 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the sale, the chief operating officer now owns 10,494 shares in the company, valued at approximately $5,523,936.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total transaction of $263,130.00. Following the sale, 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. In the last quarter, insiders have sold 24,552 shares of company stock worth $12,920,326. 0.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ULTA. BMO Capital Markets increased their target price on shares of Ulta Beauty from $485.00 to $540.00 and gave the company a “market perform” rating in a research report on Friday, March 15th. Piper Sandler increased their target price on shares of Ulta Beauty from $635.00 to $665.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Loop Capital increased their target price on shares of Ulta Beauty from $530.00 to $540.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Evercore ISI reduced their target price on shares of Ulta Beauty from $656.00 to $635.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $600.00 target price on shares of Ulta Beauty in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $577.70.

Read Our Latest Report on Ulta Beauty

Ulta Beauty Profile

(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.

Further Reading

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

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