Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd reduced its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 93.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273 shares of the specialty retailer's stock after selling 3,612 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Ulta Beauty were worth $119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Waterloo Capital L.P. bought a new stake in Ulta Beauty in the 4th quarter worth approximately $204,000. Ilmarinen Mutual Pension Insurance Co increased its position in Ulta Beauty by 33.3% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 20,000 shares of the specialty retailer's stock worth $8,699,000 after purchasing an additional 5,000 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Ulta Beauty by 1.7% during the fourth quarter. Russell Investments Group Ltd. now owns 45,161 shares of the specialty retailer's stock valued at $19,648,000 after purchasing an additional 747 shares in the last quarter. Rahlfs Capital LLC bought a new position in Ulta Beauty during the fourth quarter valued at $2,403,000. Finally, Aviva PLC grew its stake in shares of Ulta Beauty by 7.8% in the 4th quarter. Aviva PLC now owns 29,399 shares of the specialty retailer's stock worth $12,787,000 after buying an additional 2,128 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

NASDAQ:ULTA traded up $10.64 during trading hours on Monday, reaching $372.10. The company's stock had a trading volume of 205,791 shares, compared to its average volume of 1,055,849. The company has a market capitalization of $16.86 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. The stock has a 50 day moving average price of $360.13 and a two-hundred day moving average price of $383.29. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $460.00.

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Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping 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 prior year, the business posted $8.08 EPS. The firm's quarterly revenue was down 1.9% on a year-over-year basis. As a group, analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Insider Activity

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 transaction of $332,982.32. Following the completion of the sale, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. This represents a 10.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.39% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ULTA. B. Riley lowered 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 report on Tuesday, January 7th. Argus downgraded Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Monday. The Goldman Sachs Group upgraded shares of Ulta Beauty from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $384.00 to $423.00 in a research report on Tuesday, April 1st. Finally, BMO Capital Markets reduced their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average 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.