Y.D. More Investments Ltd Has $3.77 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Y.D. More Investments Ltd raised its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 28.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,685 shares of the specialty retailer’s stock after purchasing an additional 1,700 shares during the period. Y.D. More Investments Ltd’s holdings in Ulta Beauty were worth $3,766,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ULTA. Savant Capital LLC grew its stake in shares of Ulta Beauty by 30.2% in the 4th quarter. Savant Capital LLC now owns 1,436 shares of the specialty retailer’s stock worth $704,000 after acquiring an additional 333 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in Ulta Beauty by 76.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 8,929 shares of the specialty retailer’s stock worth $4,375,000 after purchasing an additional 3,874 shares during the last quarter. Anchor Capital Advisors LLC boosted its holdings in Ulta Beauty by 21.9% during the fourth quarter. Anchor Capital Advisors LLC now owns 151,162 shares of the specialty retailer’s stock worth $74,068,000 after purchasing an additional 27,139 shares during the last quarter. Chase Investment Counsel Corp grew its position in Ulta Beauty by 29.0% in the 4th quarter. Chase Investment Counsel Corp now owns 2,400 shares of the specialty retailer’s stock worth $1,175,000 after purchasing an additional 540 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Ulta Beauty by 4.6% in the 4th quarter. Russell Investments Group Ltd. now owns 56,580 shares of the specialty retailer’s stock valued at $27,698,000 after buying an additional 2,490 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Kecia Steelman sold 20,950 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total value of $11,027,870.50. Following the completion of the sale, the chief operating officer now owns 10,494 shares in the company, valued at approximately $5,523,936.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Kecia Steelman sold 20,950 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total value of $11,027,870.50. Following the completion of the sale, the chief operating officer now owns 10,494 shares of the company’s stock, valued at approximately $5,523,936.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Anita Jane Ryan sold 3,102 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total value of $1,629,325.50. Following the sale, the insider now owns 2,705 shares of the company’s stock, valued at $1,420,801.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,552 shares of company stock worth $12,920,326. 0.34% of the stock is currently owned by insiders.

Ulta Beauty Trading Down 0.7 %

Shares of NASDAQ:ULTA traded down $2.73 during trading on Wednesday, reaching $402.11. The company had a trading volume of 574,959 shares, compared to its average volume of 767,154. The company has a fifty day moving average of $495.01 and a two-hundred day moving average of $469.79. The stock has a market capitalization of $19.28 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. Ulta Beauty, Inc. has a 12 month low of $368.02 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced 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. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same period in the previous year, the business earned $6.68 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 26.55 earnings per share for the current year.

Ulta Beauty announced that its board has authorized a share repurchase plan on Thursday, March 14th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the specialty retailer to purchase up to 7.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Ulta Beauty from $574.00 to $627.00 in a research note on Friday, March 15th. TD Cowen cut their price objective on Ulta Beauty from $580.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Oppenheimer reduced their price objective on Ulta Beauty from $600.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, April 4th. Barclays cut Ulta Beauty from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $612.00 to $434.00 in a research note on Monday. Finally, Wells Fargo & Company reduced their price target on shares of Ulta Beauty from $450.00 to $350.00 and set an “underweight” rating for the company in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $548.05.

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.