Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by AE Wealth Management LLC

Posted by Defense World Staff on Apr 19th, 2023

AE Wealth Management LLC increased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,262 shares of the specialty retailer’s stock after acquiring an additional 504 shares during the quarter. AE Wealth Management LLC’s holdings in Ulta Beauty were worth $3,406,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. CI Investments Inc. boosted its holdings in shares of Ulta Beauty by 1,016.7% in the 3rd quarter. CI Investments Inc. now owns 67 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 61 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Ulta Beauty by 59.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares during the last quarter. AllSquare Wealth Management LLC boosted its holdings in shares of Ulta Beauty by 188.5% in the 3rd quarter. AllSquare Wealth Management LLC now owns 75 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 49 shares during the last quarter. RFP Financial Group LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $31,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of Ulta Beauty by 76.1% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 81 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Ulta Beauty Stock Up 1.3 %

Shares of NASDAQ:ULTA opened at $541.52 on Wednesday. Ulta Beauty, Inc. has a fifty-two week low of $330.80 and a fifty-two week high of $553.06. The firm has a 50-day simple moving average of $524.84 and a 200 day simple moving average of $477.29. The company has a market cap of $27.18 billion, a PE ratio of 22.54, a P/E/G ratio of 1.73 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last announced its quarterly earnings data on Thursday, March 9th. The specialty retailer reported $6.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.53 by $1.15. Ulta Beauty had a net margin of 12.17% and a return on equity of 67.19%. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm earned $5.41 EPS. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, research analysts forecast that Ulta Beauty, Inc. will post 25.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays lifted their price target on shares of Ulta Beauty from $548.00 to $636.00 and gave the company an “overweight” rating in a report on Friday, March 10th. Wells Fargo & Company lowered shares of Ulta Beauty from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $450.00 to $400.00 in a report on Friday, January 6th. Stifel Nicolaus lifted their target price on shares of Ulta Beauty from $475.00 to $525.00 in a report on Friday, March 10th. BMO Capital Markets lifted their target price on shares of Ulta Beauty from $390.00 to $510.00 and gave the company a “market perform” rating in a report on Friday, March 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ulta Beauty from $607.00 to $600.00 in a report on Wednesday, March 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $561.63.

Insider Activity at Ulta Beauty

In related news, Director Mike C. Smith sold 400 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $521.63, for a total transaction of $208,652.00. Following the completion of the sale, the director now owns 1,531 shares of the company’s stock, valued at approximately $798,615.53. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Mike C. Smith sold 400 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $521.63, for a total transaction of $208,652.00. Following the completion of the sale, the director now owns 1,531 shares of the company’s stock, valued at approximately $798,615.53. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jodi J. Caro sold 4,500 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 5,231 shares of the company’s stock, valued at $2,650,286.15. The disclosure for this sale can be found here. Insiders sold a total of 7,355 shares of company stock valued at $3,821,507 in the last quarter. Insiders own 2.00% of the company’s stock.

Ulta Beauty Company Profile

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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.