Allstate Corp Makes New Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

Allstate Corp acquired a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,371 shares of the specialty retailer's stock, valued at approximately $596,000.

Other large investors also recently made changes to their positions in the company. Cornerstone Investment Partners LLC boosted its position in Ulta Beauty by 3.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock worth $289,000 after purchasing an additional 25 shares during the period. Stonegate Investment Group LLC lifted its position in Ulta Beauty by 0.5% during the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock worth $2,881,000 after acquiring an additional 34 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in Ulta Beauty by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer's stock worth $685,000 after acquiring an additional 34 shares during the period. Prestige Wealth Management Group LLC grew its position in Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 34 shares in the last quarter. Finally, Clear Creek Financial Management LLC raised its stake in shares of Ulta Beauty by 4.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer's stock valued at $362,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of Ulta Beauty from a "neutral" rating to a "buy" rating and raised their price target for the company from $384.00 to $423.00 in a report on Tuesday. Telsey Advisory Group restated an "outperform" rating and set a $500.00 target price on shares of Ulta Beauty in a research note on Monday, March 10th. DA Davidson dropped their target price on Ulta Beauty from $510.00 to $415.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Canaccord Genuity Group reduced their price target on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a report on Friday, March 14th. Finally, Oppenheimer raised their price objective on Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Ulta Beauty has an average rating of "Hold" and a consensus target price of $427.61.

Ulta Beauty Trading Down 3.9 %

ULTA traded down $14.75 during trading on Thursday, reaching $367.76. 1,598,067 shares of the company were exchanged, compared to its average volume of 1,053,176. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $467.49. The firm has a 50 day moving average of $371.22 and a 200 day moving average of $386.30. The stock has a market cap of $17.05 billion, a P/E ratio of 14.72, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 10.58% and a return on equity of 51.95%. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.08 earnings per share. As a group, analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Ulta Beauty

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

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.