Winslow Asset Management Inc. Purchases 109 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Winslow Asset Management Inc. boosted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,371 shares of the specialty retailer’s stock after purchasing an additional 109 shares during the quarter. Ulta Beauty comprises 1.7% of Winslow Asset Management Inc.’s holdings, making the stock its 20th biggest position. Winslow Asset Management Inc.’s holdings in Ulta Beauty were worth $8,512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nvwm LLC grew its position in shares of Ulta Beauty by 2.1% during the 4th quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock worth $511,000 after buying an additional 21 shares during the period. Manchester Capital Management LLC grew its position in shares of Ulta Beauty by 41.2% during the 4th quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after buying an additional 21 shares during the period. Raleigh Capital Management Inc. grew its position in shares of Ulta Beauty by 4.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 535 shares of the specialty retailer’s stock worth $214,000 after buying an additional 22 shares during the period. Pinnacle Associates Ltd. grew its position in shares of Ulta Beauty by 0.8% during the 4th quarter. Pinnacle Associates Ltd. now owns 2,828 shares of the specialty retailer’s stock worth $1,386,000 after buying an additional 23 shares during the period. Finally, Nkcfo LLC grew its position in shares of Ulta Beauty by 14.4% during the 4th quarter. Nkcfo LLC now owns 183 shares of the specialty retailer’s stock worth $90,000 after buying an additional 23 shares during the period. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Trading Down 0.6 %

Shares of Ulta Beauty stock traded down $2.44 on Friday, reaching $393.95. 396,482 shares of the company were exchanged, compared to its average volume of 809,989. Ulta Beauty, Inc. has a one year low of $368.02 and a one year high of $574.76. The company has a market capitalization of $18.80 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 1.70 and a beta of 1.36. The company has a 50-day moving average of $403.80 and a 200 day moving average of $468.84.

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 for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the prior year, the business earned $6.88 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts predict that Ulta Beauty, Inc. will post 25.76 earnings per share for the current year.

Ulta Beauty declared that its board has authorized 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 reacquire up to 7.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on Ulta Beauty from $450.00 to $350.00 and set an “underweight” rating for the company in a research report on Wednesday, April 24th. Raymond James decreased their price objective on 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. Morgan Stanley boosted their price objective on Ulta Beauty from $480.00 to $525.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. Jefferies Financial Group decreased their price objective on Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a research report on Friday, May 24th. Finally, Piper Sandler decreased their price objective on Ulta Beauty from $505.00 to $498.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $507.30.

View Our Latest Report on ULTA

Insider Activity at Ulta Beauty

In related news, COO Kecia Steelman sold 20,950 shares of the stock in a transaction 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 sale, the chief operating officer now owns 10,494 shares in the company, valued at approximately $5,523,936.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, COO Kecia Steelman sold 20,950 shares of the stock in a transaction 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 sale, the chief operating officer now owns 10,494 shares in the company, valued at approximately $5,523,936.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anita Jane Ryan sold 3,102 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $525.25, for a total value of $1,629,325.50. Following the transaction, the insider now owns 2,705 shares in the company, valued at approximately $1,420,801.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,552 shares of company stock worth $12,920,326. Company insiders own 0.39% of the company’s stock.

Ulta Beauty 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.

Further Reading

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

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