Intrust Bank NA Sells 64 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Intrust Bank NA lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,390 shares of the specialty retailer’s stock after selling 64 shares during the quarter. Intrust Bank NA’s holdings in Ulta Beauty were worth $1,171,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB boosted its holdings in shares of Ulta Beauty by 347.3% in the fourth quarter. Nordea Investment Management AB now owns 71,491 shares of the specialty retailer’s stock worth $35,061,000 after buying an additional 55,508 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter worth $1,810,000. Charles Schwab Investment Management Inc. raised its holdings in Ulta Beauty by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 284,442 shares of the specialty retailer’s stock worth $113,620,000 after purchasing an additional 2,126 shares during the period. Illinois Municipal Retirement Fund grew its holdings in Ulta Beauty by 6.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 27,037 shares of the specialty retailer’s stock valued at $13,248,000 after purchasing an additional 1,662 shares during the period. Finally, AdvisorNet Financial Inc increased its position in Ulta Beauty by 3.4% in the fourth quarter. AdvisorNet Financial Inc now owns 1,188 shares of the specialty retailer’s stock worth $582,000 after buying an additional 39 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 1.2 %

Shares of Ulta Beauty stock traded down $5.03 on Tuesday, reaching $405.01. The stock had a trading volume of 64,379 shares, compared to its average volume of 759,058. The stock has a market capitalization of $19.42 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.66 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 company has a 50 day moving average price of $497.74 and a 200 day moving average price of $469.61.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, beating the consensus estimate of $7.49 by $0.59. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.53 billion. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. Ulta Beauty’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $6.68 EPS. On average, analysts forecast that Ulta Beauty, Inc. will post 26.55 earnings per share for the current fiscal year.

Ulta Beauty announced that its Board of Directors has initiated a share repurchase plan on Thursday, March 14th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 7.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Anita Jane Ryan sold 3,102 shares of Ulta Beauty 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 completion of the sale, the insider now owns 2,705 shares of the company’s stock, valued at $1,420,801.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Catherine Ann Halligan sold 500 shares of the business’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 directly owns 1,665 shares in the company, valued at approximately $876,222.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anita Jane Ryan sold 3,102 shares of Ulta Beauty stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total transaction of $1,629,325.50. Following the sale, the insider now owns 2,705 shares of the company’s stock, valued at $1,420,801.25. The disclosure for this sale can be found here. Insiders sold 24,552 shares of company stock worth $12,920,326 in the last 90 days. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ULTA shares. Jefferies Financial Group reissued a “hold” rating and issued a $438.00 target price (down from $585.00) on shares of Ulta Beauty in a report on Friday, April 19th. Barclays lowered Ulta Beauty from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $612.00 to $434.00 in a research note on Monday. JPMorgan Chase & Co. increased their target price on Ulta Beauty from $535.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. UBS Group increased their price objective on shares of Ulta Beauty from $575.00 to $690.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Wells Fargo & Company reduced their price target on shares of Ulta Beauty from $450.00 to $350.00 and set an “underweight” rating on the stock in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ulta Beauty currently has an average rating of “Moderate Buy” and an average target price of $548.05.

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.