RFP Financial Group LLC acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 67 shares of the specialty retailer’s stock, valued at approximately $31,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in Ulta Beauty by 111.5% in the second quarter. Goldman Sachs Group Inc. now owns 940,481 shares of the specialty retailer’s stock worth $362,536,000 after purchasing an additional 495,734 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Ulta Beauty by 86.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 678,285 shares of the specialty retailer’s stock worth $272,122,000 after acquiring an additional 313,579 shares during the period. Congress Asset Management Co. MA purchased a new stake in Ulta Beauty during the third quarter valued at $99,713,000. Invesco Ltd. increased its position in Ulta Beauty by 33.6% during the first quarter. Invesco Ltd. now owns 473,586 shares of the specialty retailer’s stock valued at $188,593,000 after acquiring an additional 119,048 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in Ulta Beauty by 4,087.4% in the third quarter. Quadrature Capital Ltd now owns 110,045 shares of the specialty retailer’s stock valued at $44,093,000 after acquiring an additional 107,417 shares during the period. 90.47% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Loop Capital boosted their price target on Ulta Beauty from $500.00 to $520.00 in a research note on Friday, March 10th. StockNews.com upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, March 11th. Credit Suisse Group upped their price objective on Ulta Beauty from $535.00 to $580.00 and gave the stock an “outperform” rating in a research note on Friday, March 10th. Cowen lifted their target price on Ulta Beauty from $503.00 to $570.00 and gave the company an “outperform” rating in a research report on Thursday, February 16th. Finally, Evercore ISI upped their price target on Ulta Beauty from $600.00 to $650.00 in a research report on Friday, March 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $561.00.
Ulta Beauty Trading Up 1.7 %
Ulta Beauty (NASDAQ:ULTA – Get Rating) last issued its quarterly earnings data on Thursday, March 9th. The specialty retailer reported $6.68 EPS for the quarter, topping analysts’ consensus estimates of $5.53 by $1.15. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Ulta Beauty had a net margin of 12.17% and a return on equity of 67.19%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the company posted $5.41 EPS. As a group, equities research analysts forecast that Ulta Beauty, Inc. will post 25.21 earnings per share for the current fiscal year.
Insider Buying and Selling at Ulta Beauty
In related news, Director Mike C. Smith sold 400 shares of the stock in a transaction on 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 in the company, valued at approximately $798,615.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jodi J. Caro sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $506.65, for a total transaction of $2,279,925.00. Following the transaction, the insider now owns 5,231 shares of the company’s stock, valued at $2,650,286.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mike C. Smith sold 400 shares of the stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $521.63, for a total value of $208,652.00. Following the completion of the sale, the director now owns 1,531 shares in the company, valued at $798,615.53. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Ulta Beauty Profile
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.
Further Reading
- Get a free copy of the StockNews.com research report on Ulta Beauty (ULTA)
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