1,500 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Purchased by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,500 shares of the specialty retailer's stock, valued at approximately $652,000.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Ulta Beauty by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer's stock worth $520,587,000 after acquiring an additional 11,205 shares during the last quarter. Norges Bank acquired a new position in shares of Ulta Beauty in the fourth quarter valued at about $239,432,000. Amundi raised its position in shares of Ulta Beauty by 19.7% in the fourth quarter. Amundi now owns 450,239 shares of the specialty retailer's stock valued at $186,912,000 after buying an additional 74,013 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ulta Beauty by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,938 shares of the specialty retailer's stock worth $139,151,000 after purchasing an additional 12,273 shares during the period. Finally, Summitry LLC raised its position in shares of Ulta Beauty by 2.4% in the 4th quarter. Summitry LLC now owns 216,671 shares of the specialty retailer's stock valued at $94,237,000 after buying an additional 5,137 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Transactions at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the sale, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. This represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.39% of the company's stock.

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Ulta Beauty Price Performance

ULTA stock traded down $8.16 on Tuesday, reaching $358.09. 658,273 shares of the company were exchanged, compared to its average volume of 1,057,893. The stock's fifty day moving average price is $359.24 and its 200 day moving average price is $383.03. The firm has a market capitalization of $16.22 billion, a PE ratio of 14.33, a PEG ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $460.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the prior year, the firm earned $8.08 earnings per share. Ulta Beauty's revenue was down 1.9% compared to the same quarter last year. As a group, research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ULTA shares. B. Riley reduced their price target on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a report on Friday, March 14th. StockNews.com upgraded Ulta Beauty from a "sell" rating to a "hold" rating in a research report on Tuesday, January 7th. TD Cowen raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and increased their price objective for the company from $384.00 to $423.00 in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company reduced their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $427.61.

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.