Crossmark Global Holdings Inc. Acquires 336 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Posted by Defense World Staff on Mar 30th, 2023

Crossmark Global Holdings Inc. increased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,423 shares of the specialty retailer’s stock after purchasing an additional 336 shares during the period. Crossmark Global Holdings Inc.’s holdings in Ulta Beauty were worth $3,482,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Ulta Beauty by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock worth $2,344,096,000 after buying an additional 40,190 shares in the last quarter. BlackRock Inc. grew its position in Ulta Beauty by 1.6% in the third quarter. BlackRock Inc. now owns 4,231,441 shares of the specialty retailer’s stock valued at $1,697,611,000 after acquiring an additional 65,087 shares during the period. Goldman Sachs Group Inc. raised its stake in Ulta Beauty by 111.5% during the second quarter. Goldman Sachs Group Inc. now owns 940,481 shares of the specialty retailer’s stock worth $362,536,000 after acquiring an additional 495,734 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Ulta Beauty by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 682,898 shares of the specialty retailer’s stock valued at $273,971,000 after acquiring an additional 3,218 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Ulta Beauty by 86.0% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 678,285 shares of the specialty retailer’s stock valued at $272,122,000 after purchasing an additional 313,579 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Insider Buying and Selling

In other news, Director Mike C. Smith sold 400 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $521.63, for a total transaction of $208,652.00. Following the sale, the director now owns 1,531 shares of the company’s stock, valued at $798,615.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Ulta Beauty news, Director Mike C. Smith sold 400 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $521.63, for a total value of $208,652.00. Following the transaction, the director now owns 1,531 shares of the company’s stock, valued at $798,615.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jodi J. Caro sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $506.65, for a total transaction of $2,279,925.00. Following the completion of the transaction, the insider now owns 5,231 shares of the company’s stock, valued at approximately $2,650,286.15. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Ulta Beauty from $510.00 to $535.00 and gave the company an “equal weight” rating in a research report on Monday, March 13th. BMO Capital Markets increased their price target on Ulta Beauty from $390.00 to $510.00 and gave the stock a “market perform” rating in a research report on Friday, March 10th. Stifel Nicolaus lifted their price objective on Ulta Beauty from $475.00 to $525.00 in a research report on Friday, March 10th. Wells Fargo & Company cut Ulta Beauty from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $450.00 to $400.00 in a report on Friday, January 6th. Finally, Citigroup raised their target price on Ulta Beauty from $500.00 to $530.00 and gave the company a “neutral” rating in a research note on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ulta Beauty has a consensus rating of “Moderate Buy” and an average price target of $558.08.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $526.33 on Thursday. The stock has a 50-day moving average of $517.90 and a 200-day moving average of $464.93. Ulta Beauty, Inc. has a one year low of $330.80 and a one year high of $537.52. The stock has a market cap of $26.42 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last issued its earnings results on Thursday, March 9th. The specialty retailer reported $6.68 EPS for the quarter, beating the consensus estimate of $5.53 by $1.15. The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $2.99 billion. Ulta Beauty had a net margin of 12.17% and a return on equity of 67.19%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.41 earnings per share. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 25.21 earnings per share for the current year.

Ulta Beauty Profile

(Get Rating)

Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.