Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by RBA Wealth Management LLC

RBA Wealth Management LLC reduced its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 93.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 536 shares of the specialty retailer's stock after selling 7,719 shares during the quarter. RBA Wealth Management LLC's holdings in Ulta Beauty were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ULTA. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Ulta Beauty in the 4th quarter valued at about $25,000. Loomis Sayles & Co. L P increased its stake in shares of 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 during the last quarter. BKM Wealth Management LLC bought a new stake in shares of Ulta Beauty in the 4th quarter valued at about $28,000. 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. Finally, Webster Bank N. A. acquired a new stake in Ulta Beauty during the 4th quarter worth approximately $33,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock traded down $2.28 on Tuesday, hitting $401.68. The company had a trading volume of 665,525 shares, compared to its average volume of 760,340. Ulta Beauty, Inc. has a 1 year low of $368.02 and a 1 year high of $574.76. The stock has a 50 day moving average of $467.44 and a 200-day moving average of $471.05. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 1.65 and a beta of 1.36.

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, beating analysts' consensus estimates of $7.49 by $0.59. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.53 billion. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. Ulta Beauty's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.68 EPS. Equities analysts anticipate that Ulta Beauty, Inc. will post 26.48 earnings per share for the current year.

Ulta Beauty declared that its Board of Directors has approved a stock repurchase plan on Thursday, March 14th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the specialty retailer to reacquire up to 7.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group raised their target price on shares of Ulta Beauty from $575.00 to $690.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. Stifel Nicolaus dropped their target price on shares of Ulta Beauty from $565.00 to $475.00 and set a "hold" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. raised their price target on shares of Ulta Beauty from $535.00 to $600.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. BMO Capital Markets raised their price target on shares of Ulta Beauty from $485.00 to $540.00 and gave the stock a "market perform" rating in a research note on Friday, March 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Ulta Beauty from $450.00 to $350.00 and set an "underweight" rating for the company in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Ulta Beauty presently has an average rating of "Moderate Buy" and an average price target of $539.55.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, insider Anita Jane Ryan sold 3,102 shares of the company's stock in a transaction dated 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 completion of the sale, the insider now directly owns 2,705 shares of the company's stock, valued at approximately $1,420,801.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Anita Jane Ryan sold 3,102 shares of the stock in a transaction dated 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 of the company's stock, valued at $1,420,801.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Kecia Steelman sold 20,950 shares of the company's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the completion of the transaction, 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 24,552 shares of company stock valued at $12,920,326 over the last ninety days. Corporate insiders own 0.39% of the company's stock.

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.