Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE increased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,926 shares of the specialty retailer’s stock after buying an additional 570 shares during the period. Congress Wealth Management LLC DE owned about 0.06% of Ulta Beauty worth $13,684,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Private Advisor Group LLC lifted its holdings in Ulta Beauty by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 5,599 shares of the specialty retailer’s stock worth $2,237,000 after buying an additional 101 shares during the last quarter. NBC Securities Inc. purchased a new stake in Ulta Beauty during the third quarter worth approximately $506,000. Ieq Capital LLC boosted its holdings in Ulta Beauty by 16.8% in the third quarter. Ieq Capital LLC now owns 2,263 shares of the specialty retailer’s stock valued at $904,000 after purchasing an additional 326 shares in the last quarter. Lincoln National Corp increased its stake in Ulta Beauty by 89.6% in the third quarter. Lincoln National Corp now owns 965 shares of the specialty retailer’s stock valued at $385,000 after purchasing an additional 456 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Ulta Beauty by 299.2% during the third quarter. Assenagon Asset Management S.A. now owns 122,472 shares of the specialty retailer’s stock worth $48,921,000 after purchasing an additional 91,792 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 1.5 %

Shares of Ulta Beauty stock traded up $5.64 on Friday, reaching $381.78. 969,385 shares of the stock were exchanged, compared to its average volume of 709,590. The firm has a market capitalization of $18.30 billion, a PE ratio of 14.66, a PEG ratio of 1.56 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 has a fifty day moving average price of $438.47 and a two-hundred day moving average price of $470.35.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.49 by $0.59. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.68 EPS. Research analysts expect that Ulta Beauty, Inc. will post 26.41 EPS for the current year.

Ulta Beauty announced that its Board of Directors has approved a share buyback plan on Thursday, March 14th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to repurchase up to 7.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Ulta Beauty

In related news, Director Catherine Ann Halligan sold 500 shares of the firm’s 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 completion of the sale, the director now owns 1,665 shares in the company, valued at $876,222.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Catherine Ann Halligan sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was 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 in the company, valued at approximately $876,222.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $11,027,870.50. Following the completion of the transaction, the chief operating officer now directly owns 10,494 shares of the company’s stock, valued at $5,523,936.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,552 shares of company stock valued at $12,920,326. 0.39% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on ULTA. Piper Sandler lowered their target price on shares of Ulta Beauty from $595.00 to $505.00 and set an “overweight” rating for the company in a report on Monday, May 20th. Citigroup decreased their price objective on shares of Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating for the company in a research note on Friday. Stifel Nicolaus cut their target price on Ulta Beauty from $565.00 to $475.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. Oppenheimer reduced their target price on Ulta Beauty from $500.00 to $475.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th. Finally, Raymond James dropped their price target on Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $525.86.

Ulta Beauty Company Profile

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.