Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 22.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,549 shares of the specialty retailer’s stock after selling 1,871 shares during the period. Yousif Capital Management LLC’s holdings in Ulta Beauty were worth $3,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ULTA. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty in the 4th quarter valued at about $25,000. BKM Wealth Management LLC acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at approximately $28,000. Loomis Sayles & Co. L P grew its position in shares of Ulta Beauty by 364.3% during the third quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 51 shares during the last quarter. Webster Bank N. A. acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $33,000. Finally, VisionPoint Advisory Group LLC raised its position in Ulta Beauty by 7,300.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of ULTA opened at $406.39 on Monday. Ulta Beauty, Inc. has a 1-year low of $368.02 and a 1-year high of $574.76. The stock has a market cap of $19.48 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. The firm has a 50 day simple moving average of $500.18 and a 200-day simple moving average of $469.42.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.68 earnings per share. On average, equities analysts expect that Ulta Beauty, Inc. will post 26.55 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Ulta Beauty

In related news, insider Anita Jane Ryan sold 3,102 shares of the company’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 transaction, the insider now directly owns 2,705 shares in the company, valued at $1,420,801.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Kecia Steelman sold 20,950 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total value of $11,027,870.50. Following the transaction, the chief operating officer now directly owns 10,494 shares in the company, valued at approximately $5,523,936.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Anita Jane Ryan sold 3,102 shares of the 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 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 worth $12,920,326. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. BMO Capital Markets upped their target price on shares of Ulta Beauty from $485.00 to $540.00 and gave the company a “market perform” rating in a report on Friday, March 15th. Piper Sandler reduced their price objective on Ulta Beauty from $665.00 to $595.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. TD Cowen decreased their price objective on Ulta Beauty from $580.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Morgan Stanley boosted their target price on Ulta Beauty from $480.00 to $525.00 and gave the company an “equal weight” rating in a report on Friday, March 15th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $600.00 price target on shares of Ulta Beauty in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ulta Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $556.52.

Ulta Beauty 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.