FORA Capital LLC Has $246,000 Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

FORA Capital LLC decreased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 94.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 471 shares of the specialty retailer’s stock after selling 7,619 shares during the quarter. FORA Capital LLC’s holdings in Ulta Beauty were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Penserra Capital Management LLC grew its stake in Ulta Beauty by 816.0% during the third quarter. Penserra Capital Management LLC now owns 2,986 shares of the specialty retailer’s stock worth $1,192,000 after buying an additional 2,660 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Ulta Beauty by 18.9% in the third quarter. Belpointe Asset Management LLC now owns 754 shares of the specialty retailer’s stock worth $301,000 after acquiring an additional 120 shares during the last quarter. Diversified Trust Co boosted its position in Ulta Beauty by 5.1% in the third quarter. Diversified Trust Co now owns 1,886 shares of the specialty retailer’s stock valued at $753,000 after buying an additional 91 shares in the last quarter. Comerica Bank lifted its stake in shares of Ulta Beauty by 574.7% in the 3rd quarter. Comerica Bank now owns 13,763 shares of the specialty retailer’s stock valued at $5,498,000 after acquiring an additional 11,723 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in Ulta Beauty by 11.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 5,334 shares of the specialty retailer’s stock worth $2,131,000 after acquiring an additional 537 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of ULTA stock traded down $1.42 on Tuesday, hitting $394.40. The stock had a trading volume of 240,298 shares, compared to its average volume of 805,702. Ulta Beauty, Inc. has a 12-month low of $368.02 and a 12-month high of $574.76. The stock has a market cap of $18.82 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.70 and a beta of 1.37. The business has a 50 day moving average of $389.83 and a 200 day moving average of $458.65.

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

Ulta Beauty declared that its board 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ULTA. JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Ulta Beauty from $574.00 to $627.00 in a report on Friday, March 15th. The Goldman Sachs Group decreased their price objective on Ulta Beauty from $605.00 to $476.00 and set a “neutral” rating for the company in a report on Tuesday, May 14th. Citigroup cut their target price on Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Finally, BMO Capital Markets decreased their price target on Ulta Beauty from $540.00 to $500.00 and set a “market perform” rating for the company in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Ulta Beauty has a consensus rating of “Moderate Buy” and an average price target of $503.87.

Insider Activity

In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the sale, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the sale, the insider now owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

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.