Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Yarbrough Capital LLC

Yarbrough Capital LLC grew its position in Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 24.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,356 shares of the specialty retailer’s stock after purchasing an additional 463 shares during the period. Yarbrough Capital LLC’s holdings in Ulta Beauty were worth $938,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ULTA. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $25,000. North Star Investment Management Corp. purchased a new position in shares of Ulta Beauty during the 4th quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Ulta Beauty by 525.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 75 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 63 shares in the last quarter. Blue Bell Private Wealth Management LLC purchased a new position in shares of Ulta Beauty during the 4th quarter valued at approximately $31,000. Finally, Farmers & Merchants Investments Inc. increased its holdings in shares of Ulta Beauty by 72.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 86 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 36 shares in the last quarter. 89.20% of the stock is currently owned by institutional investors and hedge funds.

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 476 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $391.84, for a total value of $186,515.84. Following the transaction, the director now owns 2,393 shares of the company’s stock, valued at $937,673.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Kecia Steelman sold 13,199 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $405.02, for a total transaction of $5,345,858.98. Following the completion of the transaction, the chief operating officer now directly owns 16,627 shares in the company, valued at approximately $6,734,267.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,207 shares of company stock worth $19,411,502. Corporate insiders own 2.00% of the company’s stock.

Shares of ULTA stock traded up $3.45 on Thursday, hitting $399.67. 9,549 shares of the stock traded hands, compared to its average volume of 1,013,767. The firm’s 50-day moving average price is $398.05 and its two-hundred day moving average price is $388.07. The stock has a market capitalization of $20.71 billion, a PE ratio of 19.61, a PEG ratio of 1.88 and a beta of 1.54. Ulta Beauty, Inc. has a twelve month low of $319.05 and a twelve month high of $438.63.

Ulta Beauty (NASDAQ:ULTAGet Rating) last announced its quarterly earnings results on Thursday, May 26th. The specialty retailer reported $6.30 earnings per share for the quarter, beating the consensus estimate of $4.46 by $1.84. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Ulta Beauty had a net margin of 12.03% and a return on equity of 60.83%. The company’s revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.10 EPS. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 20.07 EPS for the current fiscal year.

ULTA has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Ulta Beauty from $522.00 to $466.00 in a report on Wednesday, May 25th. Piper Sandler lifted their target price on shares of Ulta Beauty from $465.00 to $485.00 and gave the company an “overweight” rating in a report on Friday, May 27th. Jefferies Financial Group raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and boosted their price target for the stock from $400.00 to $475.00 in a report on Friday, May 27th. Oppenheimer boosted their price target on shares of Ulta Beauty from $470.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, May 27th. Finally, DA Davidson boosted their price target on shares of Ulta Beauty from $465.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, June 9th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $458.38.

Ulta Beauty Profile (Get Rating)

Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.

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

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