Schwab Charles Investment Management Inc. boosted its holdings in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,981 shares of the specialty retailer’s stock after acquiring an additional 3,987 shares during the period. Schwab Charles Investment Management Inc. owned 0.33% of Ulta Beauty worth $40,442,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $153,000. ACG Wealth purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $216,000. Sapphire Star Partners LP purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $224,000. BancorpSouth Bank purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $230,000. Finally, Bluestein R H & Co. purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $233,000. 89.84% of the stock is owned by institutional investors.
In other Ulta Beauty news, Director Lorna Nagler sold 3,000 shares of the stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $228.35, for a total transaction of $685,050.00. Following the sale, the director now directly owns 8,336 shares in the company, valued at approximately $1,903,525.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dennis K. Eck sold 22,000 shares of the stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $216.82, for a total transaction of $4,770,040.00. Following the sale, the director now owns 427,333 shares in the company, valued at $92,654,341.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,286 shares of company stock worth $8,826,129. 5.60% of the stock is owned by company insiders.
Ulta Beauty opened at $252.97 on Thursday, MarketBeat.com reports. The company has a market cap of $15.42 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 1.27 and a beta of 0.64. Ulta Beauty Inc has a 52-week low of $187.96 and a 52-week high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.77 by ($0.02). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Ulta Beauty had a return on equity of 30.40% and a net margin of 9.44%. Ulta Beauty’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.24 earnings per share. equities analysts predict that Ulta Beauty Inc will post 10.77 earnings per share for the current year.
Ulta Beauty announced that its Board of Directors has approved a share buyback plan on Thursday, March 15th that permits the company to repurchase $625.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
Several analysts have recently weighed in on ULTA shares. Zacks Investment Research cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. BidaskClub cut shares of Ulta Beauty from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 11th. Guggenheim raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $260.00 price target for the company in a research note on Monday, April 16th. Buckingham Research set a $270.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Monday, March 19th. Finally, Vetr lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating and set a $206.73 price objective on the stock. in a report on Monday, March 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $257.96.
About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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