Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by RMR Wealth Builders

RMR Wealth Builders boosted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 970 shares of the specialty retailer’s stock after acquiring an additional 31 shares during the period. RMR Wealth Builders’ holdings in Ulta Beauty were worth $356,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. LaFleur & Godfrey LLC grew its stake in Ulta Beauty by 32.1% in the 4th quarter. LaFleur & Godfrey LLC now owns 2,455 shares of the specialty retailer’s stock valued at $1,068,000 after acquiring an additional 596 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Ulta Beauty by 42.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,762 shares of the specialty retailer’s stock worth $3,331,000 after purchasing an additional 2,294 shares in the last quarter. Buckhead Capital Management LLC boosted its position in Ulta Beauty by 15.6% during the 4th quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer’s stock worth $5,257,000 after purchasing an additional 1,633 shares during the period. Littlejohn Financial Services Inc. acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at about $1,038,000. Finally, V Square Quantitative Management LLC grew its position in Ulta Beauty by 9.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,707 shares of the specialty retailer’s stock valued at $742,000 after acquiring an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ULTA. UBS Group boosted their price target on shares of Ulta Beauty from $490.00 to $525.00 and gave the company a “buy” rating in a report on Friday, May 30th. Oppenheimer lifted their target price on Ulta Beauty from $465.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, May 30th. Raymond James restated an “outperform” rating and set a $500.00 target price (up from $450.00) on shares of Ulta Beauty in a report on Friday, May 30th. Citigroup boosted their price objective on Ulta Beauty from $425.00 to $450.00 and gave the stock a “neutral” rating in a report on Friday, May 30th. Finally, B. Riley cut their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $460.91.

Ulta Beauty Stock Performance

ULTA opened at $459.17 on Friday. The company has a market cap of $20.64 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 0.89 and a beta of 1.09. The stock has a 50-day moving average of $405.37 and a 200-day moving average of $395.48. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $491.98.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.73 by $0.97. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the prior year, the business earned $6.47 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. On average, research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Insider Buying and Selling

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the sale, the insider now owns 7,632 shares of the company’s stock, valued at $2,817,429.12. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.17% 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.