Resonant Capital Advisors LLC Sells 46 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Resonant Capital Advisors LLC cut its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,412 shares of the specialty retailer’s stock after selling 46 shares during the period. Resonant Capital Advisors LLC’s holdings in Ulta Beauty were worth $692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Ulta Beauty during the fourth quarter worth approximately $25,000. Loomis Sayles & Co. L P grew its holdings in Ulta Beauty by 364.3% during the third quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 51 shares during the period. Coppell Advisory Solutions LLC acquired a new position in Ulta Beauty during the second quarter valued at approximately $26,000. BKM Wealth Management LLC acquired a new position in Ulta Beauty during the fourth quarter valued at approximately $28,000. Finally, Parkside Financial Bank & Trust grew its holdings in Ulta Beauty by 59.1% during the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares during the period. 90.39% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Kecia Steelman sold 20,950 shares of the 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 transaction, the chief operating officer now directly owns 10,494 shares of the company’s stock, valued at $5,523,936.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Catherine Ann Halligan sold 500 shares of the 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 transaction, the director now directly owns 1,665 shares of the company’s stock, valued at $876,222.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kecia Steelman sold 20,950 shares of the 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 transaction, the chief operating officer now directly 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. 0.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ULTA shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Ulta Beauty from $574.00 to $627.00 in a report on Friday, March 15th. Jefferies Financial Group reiterated a “hold” rating and issued a $438.00 price target (down previously from $585.00) on shares of Ulta Beauty in a report on Friday. Robert W. Baird upped their price target on shares of Ulta Beauty from $575.00 to $625.00 and gave the company an “outperform” rating in a report on Friday, March 15th. DA Davidson reiterated a “buy” rating and issued a $595.00 price target on shares of Ulta Beauty in a report on Friday, March 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of Ulta Beauty from $535.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $561.29.

Ulta Beauty Trading Down 2.7 %

NASDAQ ULTA opened at $413.50 on Friday. The firm’s fifty day moving average price is $511.83 and its two-hundred day moving average price is $467.62. Ulta Beauty, Inc. has a 1 year low of $368.02 and a 1 year high of $574.76. The firm has a market capitalization of $19.96 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $3.53 billion. During the same period in the prior year, the firm posted $6.68 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, research analysts anticipate that Ulta Beauty, Inc. will post 26.74 EPS for the current fiscal year.

Ulta Beauty declared that its board has approved a share repurchase 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 repurchase up to 7.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.