Aquatic Capital Management LLC Sells 1,319 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Aquatic Capital Management LLC cut its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,561 shares of the specialty retailer's stock after selling 1,319 shares during the quarter. Aquatic Capital Management LLC owned 0.12% of Ulta Beauty worth $24,165,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cornerstone Investment Partners LLC lifted its stake in Ulta Beauty by 3.9% in the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock valued at $289,000 after buying an additional 25 shares during the period. RWA Wealth Partners LLC lifted its stake in Ulta Beauty by 1.5% in the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock valued at $812,000 after buying an additional 28 shares during the period. Stonegate Investment Group LLC lifted its stake in Ulta Beauty by 0.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock valued at $2,881,000 after buying an additional 34 shares during the period. Resonant Capital Advisors LLC increased its holdings in shares of Ulta Beauty by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer's stock valued at $685,000 after acquiring an additional 34 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its holdings in shares of Ulta Beauty by 121.4% during 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. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction dated 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 in the company, valued at $2,817,429.12. This trade represents a 10.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is owned by corporate insiders.

Ulta Beauty Stock Performance

NASDAQ:ULTA traded up $3.81 during trading on Tuesday, reaching $390.25. The company's stock had a trading volume of 687,265 shares, compared to its average volume of 1,054,556. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $460.00. The firm has a 50 day moving average of $358.87 and a 200-day moving average of $382.90. The firm has a market cap of $17.68 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Ulta Beauty from $480.00 to $475.00 and set an "overweight" 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 report on Tuesday, January 7th. Morgan Stanley decreased their price objective on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Canaccord Genuity Group decreased their price objective 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 boosted their price objective on Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $427.61.

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.