Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Caxton Associates LP

Caxton Associates LP lifted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 349.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,212 shares of the specialty retailer’s stock after buying an additional 4,829 shares during the quarter. Caxton Associates LP’s holdings in Ulta Beauty were worth $3,044,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Turtle Creek Wealth Advisors LLC acquired a new position in Ulta Beauty in the 4th quarter valued at $25,000. BKM Wealth Management LLC acquired a new position in Ulta Beauty in the 4th quarter valued at $28,000. Loomis Sayles & Co. L P raised its stake in Ulta Beauty by 364.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. Webster Bank N. A. acquired a new position in Ulta Beauty in the 4th quarter valued at $33,000. Finally, Manchester Capital Management LLC raised its stake in Ulta Beauty by 41.2% in the 4th quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 21 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on ULTA shares. Jefferies Financial Group cut their target price on Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a research note on Friday, May 24th. Canaccord Genuity Group cut their target price on Ulta Beauty from $575.00 to $522.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. UBS Group raised their target price on Ulta Beauty from $575.00 to $690.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Stifel Nicolaus cut their target price on Ulta Beauty from $565.00 to $475.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. Finally, Morgan Stanley raised their target price on Ulta Beauty from $480.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $507.30.

View Our Latest Stock Analysis on Ulta Beauty

Insider Transactions at Ulta Beauty

In other news, COO Kecia Steelman sold 20,950 shares of the firm’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 sale, the chief operating officer now owns 10,494 shares of the company’s stock, valued at approximately $5,523,936.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Ulta Beauty news, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $526.26, for a total transaction of $263,130.00. Following the transaction, the director now owns 1,665 shares of the company’s stock, valued at $876,222.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Kecia Steelman sold 20,950 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total value of $11,027,870.50. Following the transaction, the chief operating officer now directly owns 10,494 shares in the company, valued at approximately $5,523,936.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,552 shares of company stock valued at $12,920,326. Corporate insiders own 0.39% of the company’s stock.

Ulta Beauty Stock Performance

ULTA stock traded up $2.25 during mid-day trading on Tuesday, reaching $384.75. The company had a trading volume of 387,929 shares, compared to its average volume of 806,039. The company has a market capitalization of $18.36 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.66 and a beta of 1.36. The firm has a fifty day simple moving average of $408.48 and a 200 day simple moving average of $470.10. Ulta Beauty, Inc. has a fifty-two week low of $368.02 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last posted its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.72 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. Ulta Beauty’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $6.88 EPS. As a group, analysts predict that Ulta Beauty, Inc. will post 25.76 earnings per share for the current year.

Ulta Beauty declared that its board has approved a stock repurchase program on Thursday, March 14th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to buy up to 7.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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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