First United Bank Trust Boosts Position in Ulta Beauty Inc (ULTA)
First United Bank Trust increased its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 6.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 5,191 shares of the specialty retailer’s stock after buying an additional 334 shares during the period. First United Bank Trust’s holdings in Ulta Beauty were worth $1,481,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can boosted its stake in shares of Ulta Beauty by 7.1% in the third quarter. Bank of Montreal Can now owns 23,351 shares of the specialty retailer’s stock valued at $5,557,000 after buying an additional 1,543 shares during the period. Parkwood LLC bought a new stake in shares of Ulta Beauty during the third quarter valued at about $277,000. Conning Inc. boosted its stake in shares of Ulta Beauty by 64.0% in the third quarter. Conning Inc. now owns 1,460 shares of the specialty retailer’s stock valued at $347,000 after buying an additional 570 shares during the period. Brighton Jones LLC boosted its stake in shares of Ulta Beauty by 26.0% in the third quarter. Brighton Jones LLC now owns 4,473 shares of the specialty retailer’s stock valued at $1,064,000 after buying an additional 924 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Ulta Beauty by 0.7% in the third quarter. Great West Life Assurance Co. Can now owns 40,355 shares of the specialty retailer’s stock valued at $9,594,000 after buying an additional 277 shares during the period. 86.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ulta Beauty Inc (NASDAQ:ULTA) remained flat at $283.18 during trading on Tuesday. The company’s stock had a trading volume of 168,987 shares. Ulta Beauty Inc has a 52-week low of $202.28 and a 52-week high of $289.27. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 43.43 and a beta of 0.65. The firm’s 50-day moving average is $281.82 and its 200-day moving average is $263.11.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 9th. The specialty retailer reported $2.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.11. Ulta Beauty had a return on equity of 26.87% and a net margin of 8.31%. The firm earned $1.58 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the firm posted $1.69 EPS. Ulta Beauty’s revenue for the quarter was up 24.6% on a year-over-year basis. Equities analysts expect that Ulta Beauty Inc will post $8.08 earnings per share for the current year.
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Several analysts have issued reports on ULTA shares. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating on shares of Ulta Beauty in a research report on Tuesday, December 20th. Zacks Investment Research cut Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, February 2nd. Loop Capital started coverage on Ulta Beauty in a research report on Wednesday, February 8th. They set a “hold” rating and a $285.00 target price on the stock. Citigroup Inc reaffirmed an “outperform” rating on shares of Ulta Beauty in a research report on Monday, March 6th. Finally, Instinet reaffirmed a “buy” rating and set a $297.00 target price (up previously from $294.00) on shares of Ulta Beauty in a research report on Saturday, March 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $291.73.
In related news, Director Dennis K. Eck sold 6,400 shares of the business’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $281.52, for a total transaction of $1,801,728.00. Following the completion of the transaction, the director now directly owns 472,029 shares of the company’s stock, valued at approximately $132,885,604.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lorna Nagler sold 4,167 shares of the business’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $287.62, for a total value of $1,198,512.54. Following the transaction, the director now directly owns 9,095 shares of the company’s stock, valued at $2,615,903.90. The disclosure for this sale can be found here. Insiders have sold a total of 150,534 shares of company stock valued at $42,979,662 over the last three months. 6.90% of the stock is currently owned by insiders.
Ulta Beauty Company Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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