Ulta Beauty, Inc. (NASDAQ:ULTA) Holdings Trimmed by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 91.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100 shares of the specialty retailer’s stock after selling 1,018 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Ulta Beauty were worth $49,000 at the end of the most recent reporting period.

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

Ulta Beauty Stock Down 0.4 %

Shares of ULTA opened at $406.39 on Monday. The stock has a market cap of $19.48 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 1.66 and a beta of 1.30. Ulta Beauty, Inc. has a 12 month low of $368.02 and a 12 month high of $574.76. The company has a 50-day moving average price of $500.18 and a two-hundred day moving average price of $469.42.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, topping analysts’ consensus estimates of $7.49 by $0.59. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $6.68 earnings per share. Equities research analysts expect that Ulta Beauty, Inc. will post 26.55 EPS for the current fiscal year.

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

Insider Transactions at Ulta Beauty

In other news, COO Kecia Steelman sold 20,950 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $526.39, 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 document filed with the SEC, which is accessible 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 value 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 document filed with the SEC, which is accessible through the SEC website. Also, COO Kecia Steelman sold 20,950 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the completion of the sale, the chief operating officer now directly owns 10,494 shares of the company’s stock, valued at approximately $5,523,936.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,552 shares of company stock valued at $12,920,326. Corporate insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Ulta Beauty from $450.00 to $350.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 24th. TD Cowen lowered their price target on Ulta Beauty from $580.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. BMO Capital Markets raised their price target on Ulta Beauty from $485.00 to $540.00 and gave the company a “market perform” rating in a research report on Friday, March 15th. Stifel Nicolaus raised their price target on Ulta Beauty from $505.00 to $565.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Finally, Piper Sandler lowered their price target on Ulta Beauty from $665.00 to $595.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $556.52.

About Ulta Beauty

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.