Perigon Wealth Management LLC Sells 41 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Perigon Wealth Management LLC lowered its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 486 shares of the specialty retailer’s stock after selling 41 shares during the period. Perigon Wealth Management LLC’s holdings in Ulta Beauty were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in ULTA. Turtle Creek Wealth Advisors LLC purchased a new position in Ulta Beauty during the fourth quarter valued at approximately $25,000. Loomis Sayles & Co. L P increased its holdings in Ulta Beauty by 364.3% during the third quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 51 shares during the period. Coppell Advisory Solutions LLC purchased a new position in Ulta Beauty during the second quarter valued at approximately $26,000. BKM Wealth Management LLC purchased a new position in Ulta Beauty during the fourth quarter valued at approximately $28,000. Finally, Parkside Financial Bank & Trust grew its holdings in Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $600.00 price target on shares of Ulta Beauty in a report on Friday, March 15th. Morgan Stanley lifted their price target on shares of Ulta Beauty from $480.00 to $525.00 and gave the stock an “equal weight” rating in a report on Friday, March 15th. Stifel Nicolaus lifted their price target on shares of Ulta Beauty from $505.00 to $565.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Raymond James cut their price target 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. Finally, Oppenheimer cut their price target 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $570.70.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $424.55 on Thursday. The company has a fifty day moving average of $515.89 and a 200 day moving average of $467.84. The company has a market capitalization of $20.49 billion, a PE ratio of 16.30, a P/E/G ratio of 1.75 and a beta of 1.30. Ulta Beauty, Inc. has a 1 year low of $368.02 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, topping analysts’ consensus estimates of $7.49 by $0.59. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate 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 was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.68 earnings per share. Research analysts expect that Ulta Beauty, Inc. will post 26.74 earnings per share for the current year.

Ulta Beauty announced that its board has approved a share repurchase program on Thursday, March 14th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the specialty retailer to reacquire up to 7.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

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

Ulta Beauty 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.