RMR Wealth Builders Has $1.33 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

RMR Wealth Builders grew its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 28.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,713 shares of the specialty retailer’s stock after purchasing an additional 605 shares during the period. RMR Wealth Builders’ holdings in Ulta Beauty were worth $1,329,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Ulta Beauty during the 4th quarter worth $25,000. BKM Wealth Management LLC bought a new position in shares of Ulta Beauty during the 4th quarter worth $28,000. Loomis Sayles & Co. L P boosted its holdings in Ulta Beauty by 364.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock worth $26,000 after buying an additional 51 shares during the period. Webster Bank N. A. purchased a new position in Ulta Beauty during the 4th quarter valued at about $33,000. Finally, VisionPoint Advisory Group LLC grew its position in shares of Ulta Beauty by 7,300.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 73 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ulta Beauty news, COO Kecia Steelman sold 20,950 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the completion of the sale, the chief operating officer now directly owns 10,494 shares in the company, valued at approximately $5,523,936.66. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Catherine Ann Halligan sold 500 shares of the company’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 completion of the sale, the director now owns 1,665 shares of the company’s stock, valued at approximately $876,222.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kecia Steelman sold 20,950 shares of the firm’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 transaction of $11,027,870.50. Following the completion of the transaction, the chief operating officer now directly owns 10,494 shares in the company, valued at approximately $5,523,936.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,552 shares of company stock worth $12,920,326. 0.34% of the stock is owned by insiders.

Ulta Beauty Trading Down 1.3 %

ULTA stock opened at $388.48 on Thursday. The stock’s 50 day simple moving average is $479.71 and its 200 day simple moving average is $470.48. Ulta Beauty, Inc. has a 12-month low of $368.02 and a 12-month high of $574.76. The stock has a market capitalization of $18.62 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.63 and a beta of 1.36.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.49 by $0.59. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the prior year, the company posted $6.68 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, research analysts predict that Ulta Beauty, Inc. will post 26.55 earnings per share for the current year.

Ulta Beauty declared that its Board of Directors has authorized a stock buyback program on Thursday, March 14th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to reacquire 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 stock is undervalued.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of recent research reports. Stifel Nicolaus increased their price target on shares of Ulta Beauty from $505.00 to $565.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Morgan Stanley lifted their price objective on Ulta Beauty from $480.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Friday, March 15th. TD Cowen reduced their target price on Ulta Beauty from $580.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Barclays lowered Ulta Beauty from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $612.00 to $434.00 in a research note on Monday, April 29th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $600.00 price objective on shares of Ulta Beauty in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Ulta Beauty has an average rating of “Moderate Buy” and an average price target of $546.86.

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.