First American Trust FSB Purchases 3,674 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

First American Trust FSB boosted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 42.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,392 shares of the specialty retailer's stock after purchasing an additional 3,674 shares during the period. First American Trust FSB's holdings in Ulta Beauty were worth $6,072,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new position in Ulta Beauty during the 4th quarter valued at about $25,000. Loomis Sayles & Co. L P increased its position 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 valued at $26,000 after acquiring an additional 51 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new stake in Ulta Beauty in the 2nd quarter valued at about $26,000. BKM Wealth Management LLC acquired a new stake in Ulta Beauty in the 4th quarter valued at about $28,000. Finally, Parkside Financial Bank & Trust increased its position in Ulta Beauty by 59.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer's stock valued at $28,000 after acquiring an additional 26 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Performance

NASDAQ:ULTA traded down $9.08 during mid-day trading on Monday, reaching $433.24. 904,495 shares of the company's stock were exchanged, compared to its average volume of 760,015. Ulta Beauty, Inc. has a one year low of $368.02 and a one year high of $574.76. The firm has a market capitalization of $20.91 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.82 and a beta of 1.30. The business's fifty day simple moving average is $520.62 and its two-hundred day simple moving average is $467.73.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, topping analysts' consensus estimates of $7.49 by $0.59. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same period last year, the firm earned $6.68 earnings per share. Ulta Beauty's revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, equities research analysts forecast that Ulta Beauty, Inc. will post 26.74 EPS for the current year.

Ulta Beauty announced that its board has approved a stock repurchase 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 purchase up to 7.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, COO Kecia Steelman sold 20,950 shares of the firm's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $526.39, for a total value of $11,027,870.50. Following the transaction, the chief operating officer now directly owns 10,494 shares of the company's stock, valued at approximately $5,523,936.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Anita Jane Ryan sold 3,102 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now directly owns 2,705 shares in the company, valued at approximately $1,420,801.25. The transaction was disclosed in a filing with the SEC, which is available at 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 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 owns 10,494 shares in the company, valued at $5,523,936.66. The disclosure for this sale can be found here. Insiders have sold a total of 24,552 shares of company stock valued at $12,920,326 in the last ninety days. 0.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ULTA has been the subject of several analyst reports. Barclays lifted their price target on shares of Ulta Beauty from $583.00 to $612.00 and gave the stock an "overweight" rating in a research report on Friday, March 15th. Robert W. Baird boosted their price objective on shares of Ulta Beauty from $575.00 to $625.00 and gave the company an "outperform" rating in a report on Friday, March 15th. Raymond James decreased their price objective on shares of Ulta Beauty from $630.00 to $610.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 3rd. DA Davidson reiterated a "buy" rating and issued a $595.00 price target on shares of Ulta Beauty in a report on Friday, March 15th. Finally, BMO Capital Markets increased their target price on shares of Ulta Beauty from $485.00 to $540.00 and gave the stock a "market perform" rating in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ulta Beauty presently has a consensus rating of "Moderate Buy" and an average target price of $570.70.

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.

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