Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 6.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,012 shares of the specialty retailer’s stock after selling 68 shares during the period. Greenleaf Trust’s holdings in Ulta Beauty were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in ULTA. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $25,000. Loomis Sayles & Co. L P boosted its position in shares of 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 during the period. BKM Wealth Management LLC purchased a new position in shares of Ulta Beauty during the 4th quarter worth approximately $28,000. VisionPoint Advisory Group LLC boosted its position in shares of 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 purchasing an additional 73 shares during the period. Finally, Webster Bank N. A. purchased a new position in shares of Ulta Beauty during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity at Ulta Beauty

In related news, insider Anita Jane Ryan sold 3,102 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now directly owns 2,705 shares of the company’s stock, valued at $1,420,801.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total value of $263,130.00. Following the completion of 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 filing with the SEC, which is available through this hyperlink. Also, insider Anita Jane Ryan sold 3,102 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total transaction of $1,629,325.50. Following the completion of the sale, the insider now directly owns 2,705 shares of the company’s stock, valued at $1,420,801.25. The disclosure for this sale can be found here. Insiders sold a total of 24,552 shares of company stock valued at $12,920,326 over the last ninety days. Insiders own 0.34% of the company’s stock.

Ulta Beauty Trading Up 1.1 %

Ulta Beauty stock opened at $417.98 on Tuesday. The stock has a market cap of $20.18 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. The company has a fifty day simple moving average of $509.69 and a 200-day simple moving average of $468.85. Ulta Beauty, Inc. has a 12-month low of $368.02 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, topping the consensus estimate of $7.49 by $0.59. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same period last year, the business earned $6.68 EPS. Ulta Beauty’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 26.74 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ULTA shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $438.00 price objective (down previously from $585.00) on shares of Ulta Beauty in a research report on Friday. Raymond James lowered their price objective on shares of Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 3rd. Wells Fargo & Company increased their price objective on shares of Ulta Beauty from $400.00 to $450.00 and gave the stock an “underweight” rating in a research report on Friday, March 15th. DA Davidson reissued a “buy” rating and issued a $595.00 price target on shares of Ulta Beauty in a research report on Friday, March 15th. Finally, Evercore ISI decreased their price target on shares of Ulta Beauty from $656.00 to $635.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $561.29.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.