Alexis Investment Partners LLC Acquires Shares of 1,096 Ulta Beauty, Inc. (NASDAQ:ULTA)

Alexis Investment Partners LLC purchased a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,096 shares of the specialty retailer's stock, valued at approximately $477,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ULTA. Prestige Wealth Management Group LLC boosted its position in shares of Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after buying an additional 34 shares during the period. Westside Investment Management Inc. boosted its position in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 50 shares during the period. Edge Capital Group LLC purchased a new position in Ulta Beauty during the 4th quarter valued at about $33,000. Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at about $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in shares of Ulta Beauty in the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Trading Up 0.1 %

Shares of ULTA traded up $0.51 during mid-day trading on Wednesday, hitting $379.18. 296,882 shares of the company traded hands, compared to its average volume of 1,052,898. The business has a 50-day moving average of $357.37 and a 200 day moving average of $382.25. The stock has a market capitalization of $17.18 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00.

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

Analyst Ratings Changes

ULTA has been the topic of several research reports. Barclays dropped their price objective on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Bank of America reduced their price objective on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Morgan Stanley cut their price target on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $500.00 price objective on shares of Ulta Beauty in a research report on Monday, March 10th. Finally, Stifel Nicolaus reduced their price objective on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $427.61.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. The trade was a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is owned by insiders.

Ulta Beauty Company 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.