Coldstream Capital Management Reduces Stake in Ulta Beauty by 11.2%

Coldstream Capital Management Inc., a noted financial investment firm, has decreased its holdings in popular beauty retailer Ultra Beauty, Inc. (NASDAQ:ULTA) by 11.2% during the third quarter. This decision was detailed in the company's latest filing with the Securities & Exchange Commission. After the sale of 75 shares, Coldstream Capital Management's investment in Ulta Beauty stood at 595 shares, with an estimated worth of $238,000 based on their most recent SEC filing.

Investment Movements Among Other Firms

Similar adjustments have been noted among other key players in the investment field. Todd Asset Management LLC took a fresh position in Ulta Beauty valued at approximately $14.7 million in the third quarter. Avitas Wealth Management LLC increased their holdings by 9.8%, now owning 1,354 shares with an estimated value of $541,000 after adding 121 shares. Empirical Finance LLC and Bourgeon Capital Management LLC also increased their shares by 8.2% and 66.7%, respectively, while Congress Asset Management Co. MA adjusted their stake with an acquisition of 2,496 shares, bringing their total to 253,856 shares worth around $101.4 million. Overall, institutional investors claim ownership of 92.30% of Ulta Beauty's stock.

Insider Trading within Ulta Beauty

On the insider trading front, several transactions took place involving Ulta Beauty insiders. Jodi J. Caro, an insider at Ulta Beauty, sold 1,804 shares at an average price of $490.02, totaling $883,996.08. Lorna Nagler, a director at the company, sold 500 shares at an average price of $488.18, with a total value of $244,090. These transactions were promptly disclosed in compliance with SEC regulations and currently, company insiders own 0.34% of Ulta Beauty's stock.

Ulta Beauty's Stock Performance

The stock for Ulta Beauty opened at $479.90 on Wednesday. The stock's performance has shown stability over the past months, with a 50-day simple moving average of $465.34 and a 200-day simple moving average of $434.17. The company boasts a substantial market capitalization of $23.30 billion, a P/E ratio of 19.47, a PEG ratio of 2.09, and a beta of 1.34. Ulta Beauty has experienced a 52-week low of $368.02 and a 52-week high of $556.60.

Recent Earnings Report

The company's latest quarterly earnings report was released on November 30th, showing $5.07 earnings per share, which surpassed the consensus estimate of $4.96. With revenues reaching $2.49 billion, Ulta Beauty exceeded the expected $2.47 billion, and its year-over-year growth stood at 6.4%. The return on equity was impressive at 61.42% with a net margin of 11.37%. Looking forward, Ulta Beauty, Inc. is projected to post earnings of 25.52 per share for the current fiscal year.

Analyst Perspectives on Ulta Beauty

Market analysts have varied views on Ulta Beauty's prospects. Some have raised their target prices while others have reaffirmed their ratings, suggesting continued confidence in the firm’s potential. While one analyst suggests a sell, four recommend a hold, and a majority of fifteen analysts are suggesting a buy, with one strong buy. The average target price for the company's shares is $528.95, according to MarketBeat.

Coldstream, UltaBeauty, Investment