Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,764 shares of the specialty retailer's stock, valued at approximately $9,031,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Prestige Wealth Management Group LLC lifted its stake in shares of Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 34 shares during the last quarter. Westside Investment Management Inc. lifted its position in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after buying an additional 50 shares during the last quarter. Sunbelt Securities Inc. boosted 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 buying an additional 45 shares during the period. Edge Capital Group LLC acquired a new stake in shares of Ulta Beauty during the fourth quarter valued at about $33,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $43,000. 90.39% of the stock is owned by institutional investors and hedge funds.
Ulta Beauty Price Performance
Shares of ULTA stock traded up $8.16 during trading hours on Friday, hitting $357.75. The stock had a trading volume of 741,747 shares, compared to its average volume of 1,055,665. The firm has a market capitalization of $16.21 billion, a PE ratio of 14.32, a PEG ratio of 0.89 and a beta of 1.16. The stock's 50 day moving average is $357.49 and its 200 day moving average is $382.41. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $460.00.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results 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 net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter in the prior year, the business earned $8.08 EPS. Ulta Beauty's quarterly revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.
Insider Buying and Selling at Ulta Beauty
In related news, insider Jodi J. Caro sold 902 shares of the stock in a transaction dated Tuesday, April 1st. The shares were 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 of the company's stock, valued at $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 is available at this link. Company insiders own 0.39% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. DA Davidson reiterated a "buy" rating and issued a $415.00 target price on shares of Ulta Beauty in a report on Wednesday. Citigroup cut their price objective on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. The Goldman Sachs Group upgraded Ulta Beauty from a "neutral" rating to a "buy" rating and raised their target price for the company from $384.00 to $423.00 in a report on Tuesday, April 1st. Morgan Stanley cut their price target on shares of Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Finally, Barclays lowered their price objective on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. One research 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. According to MarketBeat, Ulta Beauty currently has an average rating of "Hold" and a consensus price target of $427.61.
View Our Latest Analysis 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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