Poehling Capital Management INC. Takes Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Poehling Capital Management INC. purchased a new position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,702 shares of the specialty retailer's stock, valued at approximately $1,175,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ULTA. Prestige Wealth Management Group LLC increased its stake in shares of Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 34 shares during the last quarter. Ameliora Wealth Management Ltd. bought a new stake in shares of Ulta Beauty during the 4th quarter worth $43,000. Colonial Trust Co SC boosted its holdings in Ulta Beauty by 36.9% in 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 during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter worth about $53,000. Finally, Brown Brothers Harriman & Co. increased its position in shares of Ulta Beauty by 213.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 160 shares of the specialty retailer's stock worth $70,000 after purchasing an additional 109 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

Shares of ULTA traded up $14.10 during mid-day trading on Tuesday, hitting $421.14. 337,459 shares of the stock were exchanged, compared to its average volume of 1,047,898. The company has a market cap of $19.01 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $460.00. The firm has a 50-day moving average of $378.68 and a two-hundred day moving average of $386.63.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. The business had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $8.08 EPS. On average, sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Insider Activity

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction 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 transaction, the insider now owns 7,632 shares of the company's stock, valued at $2,817,429.12. This represents a 10.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.17% of the company's stock.

Analyst Ratings Changes

ULTA has been the subject of several research reports. Bank of America lowered their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Telsey Advisory Group restated an "outperform" rating and set a $460.00 price objective on shares of Ulta Beauty in a report on Friday. Canaccord Genuity Group decreased their price objective on shares of Ulta Beauty from $526.00 to $510.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. B. Riley decreased their price objective on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Finally, Argus cut shares of Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $424.78.

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.