Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Running Oak Capital LLC

Running Oak Capital LLC boosted its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 20.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,712 shares of the specialty retailer's stock after purchasing an additional 3,198 shares during the quarter. Ulta Beauty comprises about 1.8% of Running Oak Capital LLC's portfolio, making the stock its 22nd biggest holding. Running Oak Capital LLC's holdings in Ulta Beauty were worth $9,169,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. 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 stake in shares of Ulta Beauty during the 4th quarter worth $28,000. Loomis Sayles & Co. L P lifted its position in shares of Ulta Beauty by 364.3% during 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 last quarter. Webster Bank N. A. bought a new stake in shares of Ulta Beauty during the 4th quarter worth $33,000. Finally, VisionPoint Advisory Group LLC lifted 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 worth $30,000 after buying an additional 73 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Anita Jane Ryan sold 3,102 shares of Ulta Beauty stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total transaction of $1,629,325.50. Following the completion of the sale, the insider now directly owns 2,705 shares in the company, valued at $1,420,801.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Anita Jane Ryan sold 3,102 shares of Ulta Beauty stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total transaction of $1,629,325.50. Following the completion of the sale, the insider now directly owns 2,705 shares in the company, valued at $1,420,801.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Catherine Ann Halligan sold 500 shares of the business's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total transaction of $263,130.00. Following the transaction, the director now owns 1,665 shares of the company's stock, valued at $876,222.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,552 shares of company stock valued at $12,920,326. 0.34% of the stock is currently owned by insiders.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA traded down $4.78 during trading on Thursday, reaching $397.33. 639,121 shares of the company were exchanged, compared to its average volume of 765,656. The firm has a market capitalization of $19.05 billion, a PE ratio of 15.25, a P/E/G ratio of 1.66 and a beta of 1.36. The business's fifty day simple moving average is $489.34 and its 200-day simple moving average is $468.82. Ulta Beauty, Inc. has a 12-month low of $368.02 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the company earned $6.68 earnings per share. The business's revenue for the quarter was up 10.2% on a year-over-year basis. On average, sell-side analysts anticipate that Ulta Beauty, Inc. will post 26.55 EPS for the current fiscal year.

Ulta Beauty declared that its board has initiated a share repurchase plan on Thursday, March 14th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the specialty retailer to repurchase up to 7.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

ULTA has been the subject of several recent analyst reports. Raymond James dropped their price objective on Ulta Beauty from $630.00 to $610.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 3rd. Piper Sandler decreased their price target on Ulta Beauty from $665.00 to $595.00 and set an "overweight" rating for the company in a research note on Tuesday, April 9th. Telsey Advisory Group reissued an "outperform" rating and issued a $600.00 price target on shares of Ulta Beauty in a research note on Friday, March 15th. Jefferies Financial Group restated a "hold" rating and set a $438.00 target price (down previously from $585.00) on shares of Ulta Beauty in a research report on Friday, April 19th. Finally, Wells Fargo & Company cut their target price on Ulta Beauty from $450.00 to $350.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $548.05.

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.