WD Rutherford LLC Grows Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

WD Rutherford LLC grew its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 66.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,233 shares of the specialty retailer’s stock after buying an additional 1,691 shares during the quarter. WD Rutherford LLC’s holdings in Ulta Beauty were worth $2,213,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Ulta Beauty during the 4th quarter valued at approximately $25,000. Vima LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter valued at approximately $27,000. BKM Wealth Management LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter valued at approximately $28,000. VisionPoint Advisory Group LLC raised 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 valued at $30,000 after acquiring an additional 73 shares in the last quarter. Finally, Riverview Trust Co acquired a new stake in shares of Ulta Beauty during the 1st quarter valued at approximately $30,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup dropped their price target on Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. The Goldman Sachs Group dropped their price target on Ulta Beauty from $605.00 to $476.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 14th. Evercore ISI dropped their price target on Ulta Beauty from $630.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st. Oppenheimer dropped their price target on Ulta Beauty from $500.00 to $475.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. Finally, Robert W. Baird dropped their target price on Ulta Beauty from $625.00 to $525.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty has an average rating of “Moderate Buy” and an average price target of $503.87.

Ulta Beauty Trading Down 0.0 %

ULTA stock traded down $0.08 during trading hours on Friday, hitting $385.87. 818,129 shares of the stock traded hands, compared to its average volume of 939,288. The stock has a 50-day simple moving average of $392.42 and a 200 day simple moving average of $463.13. Ulta Beauty, Inc. has a one year low of $368.02 and a one year high of $574.76. The company has a market cap of $18.41 billion, a P/E ratio of 15.05, a P/E/G ratio of 1.68 and a beta of 1.36.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, beating the consensus estimate of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter last year, the business posted $6.88 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts forecast that Ulta Beauty, Inc. will post 25.76 earnings per share for the current year.

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

Insider Activity at Ulta Beauty

In related news, insider Jodi J. Caro sold 650 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the transaction, the insider now owns 6,801 shares in the company, valued at approximately $2,643,412.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

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.