Stifel Financial Corp trimmed its position in Ulta Beauty Inc (NASDAQ:ULTA) by 25.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,267 shares of the specialty retailer’s stock after selling 28,033 shares during the period. Stifel Financial Corp owned 0.15% of Ulta Beauty worth $21,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ULTA. Whittier Trust Co. increased its position in shares of Ulta Beauty by 4,100.0% in the 4th quarter. Whittier Trust Co. now owns 126 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 123 shares during the period. Quantbot Technologies LP acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $32,000. Ironwood Wealth Management LLC. boosted its holdings in Ulta Beauty by 2,316.7% in the fourth quarter. Ironwood Wealth Management LLC. now owns 145 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 139 shares during the last quarter. Great Diamond Partners LLC purchased a new stake in Ulta Beauty in the fourth quarter valued at $40,000. Finally, Kistler Tiffany Companies LLC purchased a new stake in Ulta Beauty in the fourth quarter valued at $41,000. 88.26% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Jeffrey J. Childs sold 3,031 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $252.20, for a total transaction of $764,418.20. Following the completion of the transaction, the insider now owns 10,333 shares in the company, valued at approximately $2,605,982.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.20% of the stock is owned by corporate insiders.
Shares of ULTA stock traded up $8.52 during mid-day trading on Friday, hitting $207.06. 2,502,839 shares of the stock were exchanged, compared to its average volume of 997,253. The firm has a fifty day moving average of $274.72 and a 200 day moving average of $255.24. The company has a quick ratio of 0.38, a current ratio of 1.67 and a debt-to-equity ratio of 0.92. Ulta Beauty Inc has a 52-week low of $190.83 and a 52-week high of $368.83. The company has a market cap of $11.35 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 0.95 and a beta of 1.10.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 12th. The specialty retailer reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. Ulta Beauty had a net margin of 9.54% and a return on equity of 36.88%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the company posted $3.61 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities analysts predict that Ulta Beauty Inc will post 12.72 EPS for the current year.
Ulta Beauty declared that its board has authorized a stock repurchase program on Thursday, March 12th that authorizes the company to buyback $1.60 billion in shares. This buyback authorization authorizes the specialty retailer to reacquire up to 12.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
Several equities research analysts have commented on the stock. Cfra lowered their price target on shares of Ulta Beauty from $340.00 to $240.00 and set a “buy” rating on the stock in a report on Friday. BMO Capital Markets lowered their price target on shares of Ulta Beauty from $285.00 to $235.00 and set a “market perform” rating on the stock in a report on Friday. BidaskClub raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Saturday, January 18th. Wells Fargo & Co lowered their price target on shares of Ulta Beauty from $250.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Credit Suisse Group lowered their price target on shares of Ulta Beauty from $286.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, March 10th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company. Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $268.79.
Ulta Beauty Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
Featured Story: Stocks Increasing Dividends
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:ULTA).
Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.