Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Todd Asset Management LLC

Todd Asset Management LLC grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 37.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,452 shares of the specialty retailer's stock after purchasing an additional 13,673 shares during the quarter. Todd Asset Management LLC owned approximately 0.10% of Ulta Beauty worth $24,721,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $25,000. BKM Wealth Management LLC acquired a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $28,000. Loomis Sayles & Co. L P raised its holdings in 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 period. Webster Bank N. A. acquired a new stake in Ulta Beauty during the 4th quarter worth approximately $33,000. Finally, VisionPoint Advisory Group LLC raised its holdings in 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 period. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on ULTA shares. DA Davidson restated a "buy" rating and set a $595.00 target price on shares of Ulta Beauty in a report on Friday, March 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Ulta Beauty from $574.00 to $627.00 in a report on Friday, March 15th. BMO Capital Markets raised 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. Raymond James dropped their target price on shares of Ulta Beauty from $630.00 to $610.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 3rd. Finally, Stifel Nicolaus lifted their price objective on shares of Ulta Beauty from $505.00 to $565.00 and gave the company a "hold" rating in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $548.05.

Insider Activity

In other news, COO Kecia Steelman sold 20,950 shares of the business'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 completion of the sale, the chief operating officer now owns 10,494 shares of the company's stock, valued at $5,523,936.66. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Catherine Ann Halligan sold 500 shares of the business's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total value of $263,130.00. Following the completion of the sale, the director now owns 1,665 shares of the company's stock, valued at $876,222.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Kecia Steelman sold 20,950 shares of the business's stock in a transaction dated 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 directly owns 10,494 shares of the company's stock, valued at approximately $5,523,936.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,552 shares of company stock valued at $12,920,326. 0.34% of the stock is owned by company insiders.

Ulta Beauty Price Performance

ULTA stock traded up $0.06 during midday trading on Friday, reaching $397.39. 591,398 shares of the company were exchanged, compared to its average volume of 796,369. The business has a 50-day moving average price of $486.30 and a two-hundred day moving average price of $470.17. 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 $19.05 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.63 and a beta of 1.36.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.53 billion. During the same period in the previous year, the business posted $6.68 earnings per share. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, analysts anticipate that Ulta Beauty, Inc. will post 26.55 earnings per share for the current fiscal year.

Ulta Beauty declared that its board has approved a share buyback plan on Thursday, March 14th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the specialty retailer to buy up to 7.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.