Atria Wealth Solutions Inc. Sells 786 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Atria Wealth Solutions Inc. lowered its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 21.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,805 shares of the specialty retailer’s stock after selling 786 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Ulta Beauty were worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley raised its holdings in Ulta Beauty by 56.7% in the 3rd quarter. Morgan Stanley now owns 1,538,533 shares of the specialty retailer’s stock worth $614,568,000 after acquiring an additional 556,809 shares during the period. International Assets Investment Management LLC raised its holdings in Ulta Beauty by 45,740.3% in the 4th quarter. International Assets Investment Management LLC now owns 291,544 shares of the specialty retailer’s stock worth $142,854,000 after acquiring an additional 290,908 shares during the period. Boston Partners raised its holdings in Ulta Beauty by 86.5% in the 3rd quarter. Boston Partners now owns 342,547 shares of the specialty retailer’s stock worth $136,451,000 after acquiring an additional 158,897 shares during the period. Scopus Asset Management L.P. bought a new position in Ulta Beauty in the 3rd quarter worth $39,945,000. Finally, Barclays PLC raised its holdings in Ulta Beauty by 74.3% in the 3rd quarter. Barclays PLC now owns 221,882 shares of the specialty retailer’s stock worth $88,630,000 after acquiring an additional 94,581 shares during the period. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Anita Jane Ryan sold 3,102 shares of the business’s 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 transaction, the insider now directly owns 2,705 shares in the company, valued at $1,420,801.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Ulta Beauty news, insider Anita Jane Ryan sold 3,102 shares of the business’s 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 completion of the transaction, 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 legal filing with the SEC, which is available at this hyperlink. Also, COO Kecia Steelman sold 20,950 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the completion of the transaction, the chief operating officer now directly owns 10,494 shares of the company’s stock, valued at $5,523,936.66. The disclosure for this sale can be found here. Insiders have sold a total of 24,552 shares of company stock worth $12,920,326 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of Ulta Beauty from $485.00 to $540.00 and gave the stock a “market perform” rating in a report on Friday, March 15th. Robert W. Baird boosted their price objective on shares of Ulta Beauty from $575.00 to $625.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Oppenheimer dropped their price objective on shares of Ulta Beauty from $600.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, April 4th. Evercore ISI dropped their price objective on shares of Ulta Beauty from $656.00 to $635.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. Finally, Raymond James dropped their price objective on shares of Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $548.05.

Ulta Beauty Stock Down 0.7 %

NASDAQ:ULTA opened at $402.11 on Thursday. The firm has a market cap of $19.28 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.66 and a beta of 1.36. Ulta Beauty, Inc. has a 12 month low of $368.02 and a 12 month high of $574.76. The company’s 50-day moving average price is $492.28 and its two-hundred day moving average price is $469.32.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, beating analysts’ consensus estimates of $7.49 by $0.59. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.53 billion. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $6.68 earnings per share. On average, research analysts expect that Ulta Beauty, Inc. will post 26.55 EPS for the current fiscal year.

Ulta Beauty declared that its Board of Directors has authorized a share buyback program on Thursday, March 14th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 7.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.