Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 351,176 shares of the specialty retailer’s stock after selling 3,264 shares during the period. Wells Fargo & Company MN owned about 0.72% of Ulta Beauty worth $172,073,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new position in Ulta Beauty during the 4th quarter worth $25,000. Loomis Sayles & Co. L P grew its stake in Ulta Beauty by 364.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock worth $26,000 after buying an additional 51 shares during the last quarter. BKM Wealth Management LLC bought a new position in Ulta Beauty during the 4th quarter worth $28,000. VisionPoint Advisory Group LLC grew its stake in Ulta Beauty by 7,300.0% during 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 last quarter. Finally, Webster Bank N. A. bought a new position in Ulta Beauty during the 4th quarter worth $33,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Down 0.2 %

Shares of NASDAQ ULTA opened at $381.00 on Wednesday. Ulta Beauty, Inc. has a one year low of $368.02 and a one year high of $574.76. The firm has a market capitalization of $18.27 billion, a PE ratio of 14.66, a PEG ratio of 1.59 and a beta of 1.36. The business has a 50-day moving average price of $449.11 and a two-hundred day moving average price of $471.69.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, topping analysts’ consensus estimates of $7.49 by $0.59. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same period last year, the company posted $6.68 EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts anticipate that Ulta Beauty, Inc. will post 26.43 EPS for the current year.

Ulta Beauty declared that its Board of Directors has authorized a share buyback plan on Thursday, March 14th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase up to 7.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.26, for a total transaction of $263,130.00. Following the completion of the sale, the director now directly owns 1,665 shares in the company, valued at approximately $876,222.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Kecia Steelman sold 20,950 shares of Ulta Beauty stock in a transaction dated Tuesday, March 19th. The stock was 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 in the company, valued at approximately $5,523,936.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total value of $263,130.00. Following the sale, the director now owns 1,665 shares of the company’s stock, valued at $876,222.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,552 shares of company stock worth $12,920,326. 0.39% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ULTA shares. Stifel Nicolaus decreased their price target on Ulta Beauty from $565.00 to $475.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. 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 report on Friday, March 15th. 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. JPMorgan Chase & Co. raised their price target on Ulta Beauty from $535.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Finally, 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 report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty currently has an average rating of “Moderate Buy” and an average target price of $535.45.

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.