Roman Butler Fullerton & Co. Makes New Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

Roman Butler Fullerton & Co. acquired a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 472 shares of the specialty retailer’s stock, valued at approximately $233,000.

Several other large investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its stake in shares of Ulta Beauty by 14.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,142 shares of the specialty retailer’s stock valued at $3,010,000 after purchasing an additional 760 shares during the last quarter. Guidance Capital Inc. grew its stake in shares of Ulta Beauty by 47.1% during the fourth quarter. Guidance Capital Inc. now owns 1,483 shares of the specialty retailer’s stock valued at $722,000 after purchasing an additional 475 shares during the last quarter. Wealth Alliance grew its stake in shares of Ulta Beauty by 10.0% during the fourth quarter. Wealth Alliance now owns 1,433 shares of the specialty retailer’s stock valued at $702,000 after purchasing an additional 130 shares during the last quarter. First American Trust FSB grew its stake in shares of Ulta Beauty by 42.1% during the fourth quarter. First American Trust FSB now owns 12,392 shares of the specialty retailer’s stock valued at $6,072,000 after purchasing an additional 3,674 shares during the last quarter. Finally, Bourgeon Capital Management LLC grew its stake in shares of Ulta Beauty by 50.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 750 shares of the specialty retailer’s stock valued at $367,000 after purchasing an additional 250 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ULTA has been the topic of several research analyst reports. Jefferies Financial Group decreased their price target on shares of Ulta Beauty from $610.00 to $585.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Evercore ISI reduced their price objective on shares of Ulta Beauty from $656.00 to $635.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Oppenheimer reduced their price objective on shares of Ulta Beauty from $600.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. TD Cowen reduced their price objective on shares of Ulta Beauty from $580.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $535.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ulta Beauty has an average rating of “Moderate Buy” and an average price target of $568.29.

Insiders Place Their Bets

In other Ulta Beauty news, insider Anita Jane Ryan sold 3,102 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total transaction of $1,629,325.50. Following the sale, the insider now directly owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Ulta Beauty news, insider Anita Jane Ryan sold 3,102 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total transaction of $1,629,325.50. Following the sale, the insider now directly owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Catherine Ann Halligan sold 500 shares of the business’s 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 sale, the director now directly owns 1,665 shares in the company, valued at $876,222.90. The disclosure for this sale can be found here. Insiders have sold 24,552 shares of company stock valued at $12,920,326 in the last three months. 0.34% of the stock is currently owned by corporate insiders.

Ulta Beauty Trading Up 0.1 %

ULTA opened at $425.11 on Friday. The stock has a market capitalization of $20.52 billion, a P/E ratio of 16.32, a P/E/G ratio of 1.75 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. The firm’s fifty day simple moving average is $514.01 and its 200 day simple moving average is $467.55.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, beating the consensus estimate of $7.49 by $0.59. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.68 EPS. On average, equities research analysts predict that Ulta Beauty, Inc. will post 26.74 EPS for the current fiscal year.

Ulta Beauty declared that its board has authorized a stock repurchase program on Thursday, March 14th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to purchase up to 7.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Ulta Beauty 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.