Bridgewater Associates LP cut its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 98.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 545 shares of the specialty retailer's stock after selling 31,770 shares during the period. Bridgewater Associates LP's holdings in Ulta Beauty were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lafayette Investments Inc. increased its holdings in Ulta Beauty by 3.2% in the fourth quarter. Lafayette Investments Inc. now owns 5,094 shares of the specialty retailer's stock worth $2,216,000 after purchasing an additional 156 shares in the last quarter. Portolan Capital Management LLC bought a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $7,267,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Ulta Beauty during the fourth quarter worth approximately $9,031,000. Canada Post Corp Registered Pension Plan bought a new position in shares of Ulta Beauty in the 4th quarter worth $77,000. Finally, XTX Topco Ltd bought a new stake in Ulta Beauty during the 4th quarter valued at $2,452,000. 90.39% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Ulta Beauty
In other news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, the insider now owns 7,632 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.39% of the company's stock.
Ulta Beauty Price Performance
NASDAQ:ULTA traded down $2.21 on Friday, reaching $383.72. 374,679 shares of the company's stock were exchanged, compared to its average volume of 1,052,141. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 0.89 and a beta of 1.16. The stock has a fifty day simple moving average of $358.04 and a 200-day simple moving average of $382.33. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $460.00.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS 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 company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the firm earned $8.08 EPS. Ulta Beauty's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have weighed in on ULTA. TD Cowen raised their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. B. Riley dropped their price target on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Piper Sandler decreased their price objective on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a report on Friday, March 14th. DA Davidson restated a "buy" rating and issued a $415.00 target price on shares of Ulta Beauty in a report on Wednesday, April 16th. Finally, BMO Capital Markets decreased their price target on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $427.61.
Check Out Our Latest Report on Ulta Beauty
About Ulta Beauty
(
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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