Curbstone Financial Management Corp Acquires New Shares in Ulta Beauty, Inc. (NASDAQ:ULTA)

Curbstone Financial Management Corp bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,360 shares of the specialty retailer's stock, valued at approximately $1,232,000.

Several other large investors have also recently modified their holdings of the business. Cornerstone Investment Partners LLC increased its position in shares of Ulta Beauty by 3.9% during the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock worth $289,000 after buying an additional 25 shares during the period. RWA Wealth Partners LLC raised its position in shares of Ulta Beauty by 1.5% in the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock worth $812,000 after acquiring an additional 28 shares in the last quarter. Procyon Advisors LLC raised its position in shares of Ulta Beauty by 4.3% in the 1st quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer's stock worth $259,000 after acquiring an additional 29 shares in the last quarter. Lido Advisors LLC lifted its stake in shares of Ulta Beauty by 5.0% in the 4th quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock valued at $272,000 after purchasing an additional 30 shares during the period. Finally, Colonial Trust Co SC boosted its position in shares of Ulta Beauty by 36.9% during the 4th quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock valued at $50,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Insider Buying and Selling

In other news, insider Jodi J. Caro sold 902 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the transaction, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. This represents a 10.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by insiders.

Ulta Beauty Stock Up 0.4%

Ulta Beauty stock traded up $1.64 during mid-day trading on Thursday, reaching $458.61. 250,249 shares of the company's stock were exchanged, compared to its average volume of 1,043,762. The business's fifty day simple moving average is $400.36 and its 200 day simple moving average is $394.11. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $491.98. The firm has a market capitalization of $20.61 billion, a PE ratio of 18.35, a P/E/G ratio of 0.89 and a beta of 1.09.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. The company had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $6.47 EPS. On average, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of research analyst reports. Bank of America lowered their target price on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a report on Friday, March 14th. JPMorgan Chase & Co. lifted their price objective on shares of Ulta Beauty from $477.00 to $525.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. UBS Group increased their target price on shares of Ulta Beauty from $490.00 to $525.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Wells Fargo & Company lifted their price target on shares of Ulta Beauty from $315.00 to $350.00 and gave the company an "underweight" rating in a research note on Friday, May 30th. Finally, Barclays increased their price objective on shares of Ulta Beauty from $327.00 to $485.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Ulta Beauty has a consensus rating of "Hold" and an average target price of $460.91.

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.