HBW Advisory Services LLC bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 375 shares of the specialty retailer’s stock, valued at approximately $205,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Institute for Wealth Management LLC. raised its position in Ulta Beauty by 1.8% in the fourth quarter. Institute for Wealth Management LLC. now owns 1,103 shares of the specialty retailer’s stock valued at $517,000 after purchasing an additional 20 shares during the period. Bradley Foster & Sargent Inc. CT raised its holdings in shares of Ulta Beauty by 1.6% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 1,260 shares of the specialty retailer’s stock valued at $591,000 after buying an additional 20 shares during the period. Veriti Management LLC raised its holdings in shares of Ulta Beauty by 4.1% in the 4th quarter. Veriti Management LLC now owns 556 shares of the specialty retailer’s stock valued at $261,000 after buying an additional 22 shares during the period. Consilium Wealth Advisory LLC raised its holdings in shares of Ulta Beauty by 1.3% in the 4th quarter. Consilium Wealth Advisory LLC now owns 1,713 shares of the specialty retailer’s stock valued at $804,000 after buying an additional 22 shares during the period. Finally, Pathstone Family Office LLC raised its holdings in shares of Ulta Beauty by 0.8% in the 4th quarter. Pathstone Family Office LLC now owns 2,852 shares of the specialty retailer’s stock valued at $1,338,000 after buying an additional 22 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.
Insider Activity
In other news, Director George R. Mrkonic, Jr. sold 393 shares of Ulta Beauty stock in a transaction on Monday, June 5th. The stock was sold at an average price of $421.30, for a total value of $165,570.90. Following the completion of the sale, the director now owns 2,397 shares of the company’s stock, valued at $1,009,856.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Ulta Beauty news, Director Catherine Ann Halligan sold 400 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $450.00, for a total transaction of $180,000.00. Following the completion of the sale, the director now owns 2,165 shares of the company’s stock, valued at $974,250. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George R. Mrkonic, Jr. sold 393 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $421.30, for a total value of $165,570.90. Following the sale, the director now directly owns 2,397 shares of the company’s stock, valued at approximately $1,009,856.10. The disclosure for this sale can be found here. Insiders sold a total of 3,248 shares of company stock valued at $1,678,501 over the last quarter. Company insiders own 0.34% of the company’s stock.
Ulta Beauty Stock Performance
Ulta Beauty (NASDAQ:ULTA – Get Rating) last released its quarterly earnings results on Thursday, May 25th. The specialty retailer reported $6.88 earnings per share for the quarter, topping the consensus estimate of $6.82 by $0.06. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. Ulta Beauty had a return on equity of 65.62% and a net margin of 11.98%. Ulta Beauty’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $6.30 earnings per share. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 25.05 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on ULTA shares. Robert W. Baird cut their price objective on Ulta Beauty from $580.00 to $560.00 in a report on Friday, May 26th. Oppenheimer cut their price target on Ulta Beauty from $575.00 to $540.00 in a report on Friday, May 26th. StockNews.com downgraded Ulta Beauty from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. Morgan Stanley lowered their price objective on Ulta Beauty from $535.00 to $520.00 in a research report on Friday, May 26th. Finally, DA Davidson lowered their price objective on Ulta Beauty from $620.00 to $540.00 in a research report on Friday, May 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $548.46.
Ulta Beauty Company Profile
Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.
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