First Allied Advisory Services Inc. Buys 1,589 Shares of Ulta Beauty Inc (ULTA)

First Allied Advisory Services Inc. increased its stake in Ulta Beauty Inc (NASDAQ:ULTA) by 173.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,503 shares of the specialty retailer’s stock after buying an additional 1,589 shares during the period. First Allied Advisory Services Inc.’s holdings in Ulta Beauty were worth $597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ULTA. Securian Asset Management Inc boosted its stake in Ulta Beauty by 0.6% during the 4th quarter. Securian Asset Management Inc now owns 5,971 shares of the specialty retailer’s stock valued at $1,462,000 after purchasing an additional 37 shares during the last quarter. Sigma Investment Counselors Inc. boosted its stake in Ulta Beauty by 0.5% during the 4th quarter. Sigma Investment Counselors Inc. now owns 10,626 shares of the specialty retailer’s stock valued at $2,602,000 after purchasing an additional 52 shares during the last quarter. Bremer Trust National Association boosted its stake in Ulta Beauty by 5.8% during the 4th quarter. Bremer Trust National Association now owns 1,033 shares of the specialty retailer’s stock valued at $252,000 after purchasing an additional 57 shares during the last quarter. Sigma Planning Corp boosted its stake in Ulta Beauty by 3.7% during the 4th quarter. Sigma Planning Corp now owns 1,727 shares of the specialty retailer’s stock valued at $423,000 after purchasing an additional 61 shares during the last quarter. Finally, Telemus Capital LLC boosted its stake in Ulta Beauty by 4.8% during the 4th quarter. Telemus Capital LLC now owns 1,462 shares of the specialty retailer’s stock valued at $358,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 90.84% of the company’s stock.

Several equities analysts have recently weighed in on ULTA shares. Loop Capital lowered their price target on Ulta Beauty to $265.00 and set an “average” rating on the stock in a report on Friday, December 14th. They noted that the move was a valuation call. Citigroup started coverage on Ulta Beauty in a report on Wednesday, December 19th. They set a “buy” rating on the stock. ValuEngine raised Ulta Beauty from a “hold” rating to a “buy” rating in a report on Tuesday, January 22nd. BidaskClub raised Ulta Beauty from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Finally, Morgan Stanley set a $330.00 price target on Ulta Beauty and gave the company a “buy” rating in a report on Sunday, December 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $317.05.

In other news, Director Dennis K. Eck sold 11,067 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $349.90, for a total transaction of $3,872,343.30. Following the completion of the transaction, the director now owns 230,000 shares in the company, valued at $80,477,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Scott M. Settersten sold 29,529 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $338.64, for a total value of $9,999,700.56. Following the transaction, the chief financial officer now owns 7,737 shares of the company’s stock, valued at approximately $2,620,057.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 416,250 shares of company stock worth $139,866,073. Insiders own 5.60% of the company’s stock.

NASDAQ:ULTA opened at $352.55 on Tuesday. The stock has a market cap of $20.68 billion, a price-to-earnings ratio of 32.49, a price-to-earnings-growth ratio of 1.48 and a beta of 1.02. Ulta Beauty Inc has a 52 week low of $199.15 and a 52 week high of $353.77.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $3.61 EPS for the quarter, beating the Zacks’ consensus estimate of $3.56 by $0.05. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm earned $2.75 earnings per share. On average, equities research analysts predict that Ulta Beauty Inc will post 12.78 EPS for the current year.

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Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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