Oppenheimer & Co. Inc. Buys 85 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Oppenheimer & Co. Inc. raised its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,280 shares of the specialty retailer’s stock after acquiring an additional 85 shares during the period. Oppenheimer & Co. Inc.’s holdings in Ulta Beauty were worth $3,077,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Ulta Beauty in the 4th quarter valued at approximately $25,000. Loomis Sayles & Co. L P lifted its position 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. BKM Wealth Management LLC bought a new stake in shares of Ulta Beauty during the 4th quarter valued at $28,000. VisionPoint Advisory Group LLC grew its position in shares of Ulta Beauty by 7,300.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock worth $30,000 after buying an additional 73 shares during the period. Finally, Webster Bank N. A. purchased a new stake in shares of Ulta Beauty in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $382.61 on Friday. The stock has a market capitalization of $18.26 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.67 and a beta of 1.36. Ulta Beauty, Inc. has a 1-year low of $368.02 and a 1-year high of $574.76. The business’s fifty day moving average price is $411.41 and its 200-day moving average price is $469.41.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last announced its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the firm posted $6.88 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts anticipate that Ulta Beauty, Inc. will post 25.76 EPS for the current year.

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

Insider Transactions at Ulta Beauty

In other Ulta Beauty 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 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 is available through 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 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 $5,523,936.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anita Jane Ryan sold 3,102 shares of the stock in a transaction dated 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 sale, the insider now 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. Insiders sold 24,552 shares of company stock worth $12,920,326 in the last three months. Corporate insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ULTA. Bank of America lowered their price target on shares of Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating for the company in a research report on Tuesday, May 28th. JPMorgan Chase & Co. upped their price target on Ulta Beauty from $530.00 to $544.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Canaccord Genuity Group reduced their price objective on Ulta Beauty from $575.00 to $522.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Robert W. Baird dropped their target price on Ulta Beauty from $625.00 to $525.00 and set an “outperform” rating on the stock in a report on Wednesday, May 29th. Finally, Morgan Stanley raised their price target on Ulta Beauty from $480.00 to $525.00 and gave the company an “equal weight” rating in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $507.30.

Check Out Our Latest Research Report on ULTA

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.

Further Reading

Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty, Inc. (NASDAQ:ULTAFree Report).

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

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