Lindbrook Capital LLC Has $98,000 Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Lindbrook Capital LLC grew its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 40.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 200 shares of the specialty retailer’s stock after buying an additional 58 shares during the period. Lindbrook Capital LLC’s holdings in Ulta Beauty were worth $98,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ULTA. Morgan Stanley boosted its position in shares of Ulta Beauty by 56.7% during the 3rd quarter. Morgan Stanley now owns 1,538,533 shares of the specialty retailer’s stock valued at $614,568,000 after purchasing an additional 556,809 shares in the last quarter. Northern Trust Corp boosted its position in shares of Ulta Beauty by 3.9% during the 3rd quarter. Northern Trust Corp now owns 575,658 shares of the specialty retailer’s stock valued at $229,947,000 after purchasing an additional 21,828 shares in the last quarter. Invesco Ltd. boosted its position in shares of Ulta Beauty by 6.2% during the 3rd quarter. Invesco Ltd. now owns 570,913 shares of the specialty retailer’s stock valued at $228,051,000 after purchasing an additional 33,508 shares in the last quarter. Boston Partners boosted its position in shares of Ulta Beauty by 86.5% during the 3rd quarter. Boston Partners now owns 342,547 shares of the specialty retailer’s stock valued at $136,451,000 after purchasing an additional 158,897 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Ulta Beauty by 15.9% during the 3rd quarter. AQR Capital Management LLC now owns 293,126 shares of the specialty retailer’s stock valued at $117,089,000 after purchasing an additional 40,166 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Down 2.1 %

Shares of ULTA opened at $410.55 on Thursday. The company has a market capitalization of $19.82 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.72 and a beta of 1.30. The stock has a 50 day moving average of $505.13 and a 200 day moving average of $468.65. Ulta Beauty, Inc. has a 12 month low of $368.02 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, beating analysts’ consensus estimates of $7.49 by $0.59. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.53 billion. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. Ulta Beauty’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the business posted $6.68 earnings per share. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 26.55 earnings per share for the current year.

Ulta Beauty announced that its board has initiated a share repurchase plan on Thursday, March 14th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase up to 7.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Ulta Beauty news, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $526.26, for a total value of $263,130.00. Following the completion of the sale, the director now directly owns 1,665 shares of the company’s stock, valued at $876,222.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Ulta Beauty news, 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 $1,420,801.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total value of $263,130.00. Following the completion of the transaction, the director now owns 1,665 shares of the company’s stock, valued at $876,222.90. The disclosure for this sale can be found here. Insiders sold 24,552 shares of company stock valued at $12,920,326 over the last ninety days. 0.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ULTA has been the topic of several recent research reports. 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 report on Wednesday. TD Cowen cut their price target on Ulta Beauty from $580.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. 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 report 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 report on Monday, April 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Ulta Beauty from $574.00 to $627.00 in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $556.52.

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.