Uniting Wealth Partners LLC Invests $435,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

Uniting Wealth Partners LLC acquired a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,000 shares of the specialty retailer's stock, valued at approximately $435,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in Ulta Beauty by 28.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock worth $72,000 after acquiring an additional 37 shares during the period. Savant Capital LLC lifted its position in shares of Ulta Beauty by 199.5% in the fourth quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock worth $2,021,000 after purchasing an additional 3,095 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Ulta Beauty by 7.8% during the fourth quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock worth $1,663,000 after purchasing an additional 288 shares during the period. Buckhead Capital Management LLC grew its position in Ulta Beauty by 15.6% during the fourth quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer's stock valued at $5,257,000 after purchasing an additional 1,633 shares in the last quarter. Finally, Brookstone Capital Management purchased a new stake in Ulta Beauty in the 4th quarter worth approximately $348,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the transaction, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. This trade represents a 10.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is owned by insiders.

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Ulta Beauty Price Performance

Shares of NASDAQ ULTA traded down $8.40 during mid-day trading on Friday, hitting $359.36. The company had a trading volume of 1,531,940 shares, compared to its average volume of 1,046,706. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $460.00. The firm has a market cap of $16.28 billion, a P/E ratio of 14.38, a PEG ratio of 0.89 and a beta of 1.16. The business's 50-day simple moving average is $369.03 and its 200-day simple moving average is $385.89.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $8.08 EPS. As a group, sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ULTA. StockNews.com raised shares of Ulta Beauty from a "sell" rating to a "hold" rating in a research note on Tuesday, January 7th. The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and raised their price target for the stock from $384.00 to $423.00 in a research note on Tuesday, April 1st. Bank of America lowered their price target on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Stifel Nicolaus cut their price objective on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a research report on Friday, March 14th. Finally, DA Davidson decreased their target price on shares of Ulta Beauty from $510.00 to $415.00 and set a "buy" rating for the company in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $427.61.

About Ulta Beauty

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.