Aristides Capital LLC increased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 92.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,920 shares of the specialty retailer's stock after purchasing an additional 920 shares during the period. Aristides Capital LLC's holdings in Ulta Beauty were worth $835,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC lifted its position in shares of Ulta Beauty by 121.4% during the 4th 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. Sunbelt Securities Inc. raised its stake in Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 50 shares during the period. Edge Capital Group LLC acquired a new stake in shares of Ulta Beauty in the 4th quarter valued at $33,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Ulta Beauty in the 4th quarter worth about $43,000. Institutional investors own 90.39% of the company's stock.
Insiders Place Their Bets
In related news, insider Jodi J. Caro sold 902 shares of the stock in a transaction dated 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 directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. This trade represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company's stock.
Ulta Beauty Price Performance
Shares of NASDAQ ULTA traded up $6.07 during midday trading on Friday, reaching $361.02. 299,932 shares of the stock were exchanged, compared to its average volume of 1,051,953. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $460.00. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 0.89 and a beta of 1.16. The business has a 50-day simple moving average of $361.08 and a two-hundred day simple moving average of $383.74.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results 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 return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the previous year, the firm earned $8.08 earnings per share. The company's revenue was down 1.9% on a year-over-year basis. Equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages recently issued reports on ULTA. Telsey Advisory Group reissued an "outperform" rating and set a $500.00 price target on shares of Ulta Beauty in a report on Monday, March 10th. BMO Capital Markets reduced their target price on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a report on Friday, March 14th. StockNews.com raised Ulta Beauty from a "sell" rating to a "hold" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their target price on Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Finally, Barclays cut their price target on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $427.61.
Check Out Our Latest Research Report on ULTA
Ulta Beauty Profile
(
Free Report)
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.
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