CVA Family Office LLC Takes Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

CVA Family Office LLC acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 102 shares of the specialty retailer’s stock, valued at approximately $50,000.

A number of other large investors have also made changes to their positions in ULTA. Loomis Sayles & Co. L P increased its holdings in Ulta Beauty by 364.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 51 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new position in Ulta Beauty during the 2nd quarter worth approximately $26,000. BKM Wealth Management LLC acquired a new position in Ulta Beauty during the 4th quarter worth approximately $28,000. Parkside Financial Bank & Trust boosted its position in Ulta Beauty by 59.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 26 shares during the last quarter. Finally, VisionPoint Advisory Group LLC boosted its position in Ulta Beauty by 7,300.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In related news, insider Anita Jane Ryan sold 3,102 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 2,705 shares of the company’s stock, valued at $1,420,801.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.26, for a total transaction of $263,130.00. Following the sale, the director now directly owns 1,665 shares of the company’s stock, valued at $876,222.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anita Jane Ryan sold 3,102 shares of Ulta Beauty stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total value of $1,629,325.50. Following the sale, the insider now directly owns 2,705 shares in the company, valued at $1,420,801.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,552 shares of company stock worth $12,920,326. Company insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Robert W. Baird upped their price target on Ulta Beauty from $575.00 to $625.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. BMO Capital Markets increased their price objective on Ulta Beauty from $485.00 to $540.00 and gave the company a “market perform” rating in a report on Friday, March 15th. JPMorgan Chase & Co. increased their price objective on Ulta Beauty from $535.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Barclays increased their price objective on Ulta Beauty from $583.00 to $612.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, UBS Group increased their price objective on Ulta Beauty from $575.00 to $690.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $579.81.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $513.52 on Thursday. Ulta Beauty, Inc. has a 52 week low of $368.02 and a 52 week high of $574.76. The stock has a market capitalization of $24.94 billion, a P/E ratio of 19.71, a PEG ratio of 2.03 and a beta of 1.31. The stock’s fifty day moving average is $524.24 and its 200 day moving average is $461.40.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, topping analysts’ consensus estimates of $7.49 by $0.59. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter last year, the business earned $6.68 earnings per share. Ulta Beauty’s revenue was up 10.2% on a year-over-year basis. Equities research analysts forecast that Ulta Beauty, Inc. will post 26.94 earnings per share for the current year.

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

About Ulta Beauty

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.