RWA Wealth Partners LLC Purchases 966 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

RWA Wealth Partners LLC grew its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 81.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,146 shares of the specialty retailer’s stock after purchasing an additional 966 shares during the quarter. RWA Wealth Partners LLC’s holdings in Ulta Beauty were worth $1,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Ulta Beauty during the fourth quarter worth $25,000. BKM Wealth Management LLC bought a new position in shares of Ulta Beauty during the fourth quarter worth $28,000. Loomis Sayles & Co. L P boosted its position in shares of Ulta Beauty by 364.3% during the third quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 51 shares during the last quarter. Webster Bank N. A. bought a new position in shares of Ulta Beauty during the fourth quarter worth $33,000. Finally, VisionPoint Advisory Group LLC boosted its position in shares of Ulta Beauty by 7,300.0% during the third quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

ULTA stock opened at $410.55 on Thursday. The company has a market capitalization of $19.82 billion, a PE ratio of 15.76, a P/E/G ratio of 1.72 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 50-day moving average is $505.13 and its 200 day moving average is $468.65.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 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 the consensus estimate 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 quarter last year, the firm posted $6.68 EPS. Sell-side analysts forecast that Ulta Beauty, Inc. will post 26.55 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ULTA shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Ulta Beauty from $574.00 to $627.00 in a research report on Friday, March 15th. Wells Fargo & Company dropped their target price 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. Telsey Advisory Group reiterated an “outperform” rating and set a $600.00 price objective on shares of Ulta Beauty in a research report on Friday, March 15th. Loop Capital upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 price objective for the company in a research report on Monday, April 8th. Finally, TD Cowen lowered their price objective on shares of Ulta Beauty from $580.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $556.52.

Insider Buying and Selling

In related news, insider Anita Jane Ryan sold 3,102 shares of the firm’s 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 transaction, the insider now owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Anita Jane Ryan sold 3,102 shares of the firm’s 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 transaction, the insider now owns 2,705 shares of the company’s stock, valued at approximately $1,420,801.25. The transaction 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 firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total transaction of $263,130.00. Following the transaction, the director now directly owns 1,665 shares in the company, valued at approximately $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 90 days. Company insiders own 0.34% of the company’s stock.

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.