BI Asset Management Fondsmaeglerselskab A S Purchases 19,106 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 501.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,919 shares of the specialty retailer's stock after buying an additional 19,106 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Ulta Beauty were worth $9,968,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ULTA. Virtu Financial LLC boosted its position in Ulta Beauty by 50.3% during the 3rd quarter. Virtu Financial LLC now owns 5,086 shares of the specialty retailer's stock worth $1,979,000 after acquiring an additional 1,702 shares during the period. Westside Investment Management Inc. raised its position 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 worth $32,000 after purchasing an additional 50 shares during the period. Diamant Asset Management Inc. lifted its stake in Ulta Beauty by 2.1% during the third quarter. Diamant Asset Management Inc. now owns 2,920 shares of the specialty retailer's stock valued at $1,136,000 after buying an additional 60 shares in the last quarter. Rule One Partners LLC acquired a new position in Ulta Beauty in the 3rd quarter worth approximately $2,179,000. Finally, Pine Valley Investments Ltd Liability Co raised its position in Ulta Beauty by 12.4% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,589 shares of the specialty retailer's stock valued at $3,731,000 after buying an additional 1,057 shares during the period. 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 shares were sold at an average price of $369.16, for a total value 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 trade represents a 10.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is owned by company insiders.

Ulta Beauty Stock Up 2.2 %

NASDAQ:ULTA traded up $8.19 during trading hours on Thursday, reaching $385.93. The company had a trading volume of 538,541 shares, compared to its average volume of 1,053,641. The stock has a 50-day moving average of $357.62 and a two-hundred day moving average of $382.22. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00. The firm has a market capitalization of $17.49 billion, a PE ratio of 15.44, a PEG ratio of 0.89 and a beta of 1.16.

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 for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the firm earned $8.08 EPS. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ULTA shares. JPMorgan Chase & Co. cut their target price on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating for the company in a research report on Friday, March 14th. Canaccord Genuity Group cut their target price on shares of Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a research report on Friday, March 14th. StockNews.com raised Ulta Beauty from a "sell" rating to a "hold" rating in a research report on Tuesday, January 7th. TD Cowen increased their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their target price on Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating on the stock in a report 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 stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $427.61.

About Ulta Beauty

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.