Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co lowered its position in Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 3.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,289 shares of the specialty retailer’s stock after selling 46 shares during the period. Heartland Bank & Trust Co’s holdings in Ulta Beauty were worth $632,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P lifted its stake in Ulta Beauty by 364.3% in the third quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 51 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new stake in Ulta Beauty in the second quarter valued at approximately $26,000. BKM Wealth Management LLC purchased a new stake in Ulta Beauty in the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust raised its stake in shares of Ulta Beauty by 59.1% during the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 26 shares during the last quarter. Finally, VisionPoint Advisory Group LLC raised its stake in shares of Ulta Beauty by 7,300.0% during the third quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity at Ulta Beauty

In related news, COO Kecia Steelman sold 20,950 shares of the stock in a transaction 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 sale, the chief operating officer now owns 10,494 shares of the company’s stock, valued at $5,523,936.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, COO Kecia Steelman sold 20,950 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 10,494 shares in the company, valued at $5,523,936.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Catherine Ann Halligan sold 500 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.26, for a total value of $263,130.00. Following the transaction, the director now owns 1,665 shares in the company, valued at $876,222.90. 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 over the last quarter. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ULTA. Stifel Nicolaus upped their price target on Ulta Beauty from $505.00 to $565.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. Argus upped their price target on Ulta Beauty from $500.00 to $545.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. DA Davidson restated a “buy” rating and set a $595.00 price target on shares of Ulta Beauty in a research note on Friday, March 15th. Barclays upped their price target on Ulta Beauty from $583.00 to $612.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Ulta Beauty from $574.00 to $627.00 in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, six 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 a consensus rating of “Moderate Buy” and an average price target of $577.70.

Read Our Latest Analysis on Ulta Beauty

Ulta Beauty Price Performance

Ulta Beauty stock traded down $68.26 during trading hours on Wednesday, hitting $451.42. The stock had a trading volume of 1,687,654 shares, compared to its average volume of 681,319. The stock has a market capitalization of $21.79 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 2.09 and a beta of 1.30. Ulta Beauty, Inc. has a 1-year low of $368.02 and a 1-year high of $574.76. The stock’s fifty day moving average is $528.84 and its two-hundred day moving average is $465.14.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last posted its earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, beating the consensus estimate of $7.49 by $0.59. The company had revenue of $3.55 billion for 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 revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.68 earnings per share. As a group, sell-side analysts anticipate that Ulta Beauty, Inc. will post 26.94 EPS for the current year.

Ulta Beauty declared that its board has authorized a stock buyback 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 usually a sign that the company’s management believes its stock is undervalued.

About Ulta Beauty

(Free Report)

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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