Resonant Capital Advisors LLC Has $692,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Resonant Capital Advisors LLC lowered its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,412 shares of the specialty retailer’s stock after selling 46 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Ulta Beauty were worth $692,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Schear Investment Advisers LLC grew its position in Ulta Beauty by 1.6% in the 4th quarter. Schear Investment Advisers LLC now owns 2,446 shares of the specialty retailer’s stock valued at $1,199,000 after purchasing an additional 39 shares during the period. Lafayette Investments Inc. grew its position in Ulta Beauty by 1.8% in the 4th quarter. Lafayette Investments Inc. now owns 4,447 shares of the specialty retailer’s stock valued at $2,179,000 after purchasing an additional 77 shares during the period. Fidelis Capital Partners LLC purchased a new position in Ulta Beauty during the 4th quarter worth $223,000. Bender Robert & Associates boosted its holdings in Ulta Beauty by 1.1% during the 4th quarter. Bender Robert & Associates now owns 26,222 shares of the specialty retailer’s stock worth $12,849,000 after acquiring an additional 282 shares during the last quarter. Finally, Roman Butler Fullerton & Co. purchased a new position in Ulta Beauty during the 4th quarter worth $233,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity at Ulta Beauty

In related news, Director Catherine Ann Halligan sold 500 shares of the business’s 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 sale, the director now directly owns 1,665 shares in the company, valued at approximately $876,222.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Anita Jane Ryan sold 3,102 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $525.25, for a total transaction of $1,629,325.50. Following the sale, the insider now directly owns 2,705 shares in the company, valued at $1,420,801.25. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Catherine Ann Halligan sold 500 shares of the company’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 sale, the director now owns 1,665 shares in the company, valued at $876,222.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,552 shares of company stock worth $12,920,326. Company insiders own 0.34% of the company’s stock.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $413.50 on Friday. Ulta Beauty, Inc. has a 52-week low of $368.02 and a 52-week high of $574.76. The stock’s 50-day simple moving average is $511.83 and its 200 day simple moving average is $467.62. The stock has a market capitalization of $19.96 billion, a P/E ratio of 15.87, a P/E/G ratio of 1.75 and a beta of 1.30.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.49 by $0.59. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the previous year, the business posted $6.68 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities research analysts forecast that Ulta Beauty, Inc. will post 26.74 EPS for the current fiscal year.

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

Analyst Ratings Changes

A number of research firms have issued reports on ULTA. Morgan Stanley lifted their price objective on shares of Ulta Beauty from $480.00 to $525.00 and gave the stock an “equal weight” rating in a report on Friday, March 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Ulta Beauty from $574.00 to $627.00 in a report on Friday, March 15th. Wells Fargo & Company lifted their price objective on shares of Ulta Beauty from $400.00 to $450.00 and gave the stock an “underweight” rating in a report on Friday, March 15th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $600.00 price objective on shares of Ulta Beauty in a report on Friday, March 15th. Finally, Raymond James cut their price objective 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ulta Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $561.29.

Ulta Beauty 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.