Dohj LLC Acquires New Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Dohj LLC acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 856 shares of the specialty retailer’s stock, valued at approximately $419,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ULTA. Exchange Traded Concepts LLC raised its holdings in Ulta Beauty by 248.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,329 shares of the specialty retailer’s stock valued at $930,000 after buying an additional 1,660 shares during the period. Czech National Bank grew its position in Ulta Beauty by 46.8% in the 3rd quarter. Czech National Bank now owns 8,705 shares of the specialty retailer’s stock valued at $3,477,000 after acquiring an additional 2,775 shares in the last quarter. Asset Management One Co. Ltd. grew its position in Ulta Beauty by 1.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 23,891 shares of the specialty retailer’s stock valued at $9,543,000 after acquiring an additional 419 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in Ulta Beauty by 5.0% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,643 shares of the specialty retailer’s stock valued at $1,056,000 after acquiring an additional 126 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new position in Ulta Beauty in the 3rd quarter valued at about $215,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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. In other news, Director Catherine Ann Halligan sold 500 shares of the firm’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 transaction, the director now directly owns 1,665 shares in the company, valued at approximately $876,222.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Kecia Steelman sold 20,950 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total value 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. Over the last ninety days, insiders have sold 24,552 shares of company stock worth $12,920,326. 0.34% of the stock is owned by company insiders.

Ulta Beauty Stock Down 0.4 %

Shares of ULTA traded down $1.62 during trading hours on Friday, reaching $406.39. 637,675 shares of the company traded hands, compared to its average volume of 1,044,163. The stock has a market capitalization of $19.48 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.67 and a beta of 1.30. Ulta Beauty, Inc. has a fifty-two week low of $368.02 and a fifty-two week high of $574.76. The stock has a fifty day simple moving average of $500.18 and a 200 day simple moving average of $468.35.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, topping the consensus estimate of $7.49 by $0.59. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the prior year, the business posted $6.68 earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Research analysts predict that Ulta Beauty, Inc. will post 26.55 EPS for the current fiscal year.

Ulta Beauty announced 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 shares. This buyback authorization allows the specialty retailer to reacquire up to 7.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

ULTA has been the subject of several research reports. Loop Capital raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 target price for the company in a research report on Monday, April 8th. BMO Capital Markets lifted their target price on Ulta Beauty from $485.00 to $540.00 and gave the company a “market perform” rating in a research report on Friday, March 15th. Telsey Advisory Group reissued an “outperform” rating and set a $600.00 price objective on shares of Ulta Beauty in a research report on Friday, March 15th. Robert W. Baird boosted their price objective on Ulta Beauty from $575.00 to $625.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Finally, TD Cowen lowered their price objective on Ulta Beauty from $580.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $556.52.

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.