Envestnet Portfolio Solutions Inc. Lowers Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Envestnet Portfolio Solutions Inc. reduced its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 18.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,780 shares of the specialty retailer’s stock after selling 618 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Ulta Beauty were worth $1,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Ulta Beauty in the 4th quarter worth about $25,000. Loomis Sayles & Co. L P boosted its stake in Ulta Beauty by 364.3% in the third quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock worth $26,000 after buying an additional 51 shares in the last quarter. BKM Wealth Management LLC bought a new position in Ulta Beauty during the fourth quarter valued at approximately $28,000. VisionPoint Advisory Group LLC raised its stake in shares of Ulta Beauty by 7,300.0% during the third quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 73 shares in the last quarter. Finally, Webster Bank N. A. bought a new stake in shares of Ulta Beauty in the 4th quarter worth approximately $33,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on ULTA shares. Evercore ISI decreased their target price on shares of Ulta Beauty from $656.00 to $635.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Morgan Stanley boosted their target price on Ulta Beauty from $480.00 to $525.00 and gave the company an “equal weight” rating in a research note on Friday, March 15th. Jefferies Financial Group restated a “hold” rating and set a $438.00 target price (down from $585.00) on shares of Ulta Beauty in a report on Friday, April 19th. Stifel Nicolaus decreased their price target on Ulta Beauty from $565.00 to $475.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. Finally, Raymond James dropped their price objective on Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $539.55.

Check Out Our Latest Stock Report on Ulta Beauty

Ulta Beauty Trading Down 0.4 %

ULTA opened at $399.56 on Friday. The company has a market cap of $19.15 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.64 and a beta of 1.36. The stock has a fifty day simple moving average of $455.83 and a two-hundred day simple moving average of $471.01. Ulta Beauty, Inc. has a 12-month low of $368.02 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last issued its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.49 by $0.59. The company had revenue of $3.55 billion during 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%. Ulta Beauty’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business earned $6.68 EPS. On average, analysts predict that Ulta Beauty, Inc. will post 26.42 EPS for the current year.

Ulta Beauty declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 14th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to purchase up to 7.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, insider Anita Jane Ryan sold 3,102 shares of Ulta Beauty stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $525.25, for a total transaction of $1,629,325.50. Following the completion of the transaction, the insider now owns 2,705 shares in the company, valued at $1,420,801.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total transaction of $263,130.00. Following the completion of the sale, the director now 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 available through this hyperlink. Also, insider Anita Jane Ryan sold 3,102 shares of the company’s stock in a transaction that occurred 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 transaction, 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. Insiders have sold a total of 24,552 shares of company stock valued at $12,920,326 in the last ninety days. 0.39% of the stock is currently owned by corporate insiders.

Ulta Beauty Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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