Capital International Sarl Purchases New Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Capital International Sarl acquired a new position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 790 shares of the specialty retailer's stock, valued at approximately $344,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Investment Partners LLC lifted its stake in shares of Ulta Beauty by 3.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock worth $289,000 after acquiring an additional 25 shares during the period. RWA Wealth Partners LLC boosted its stake in Ulta Beauty by 1.5% during the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock valued at $812,000 after purchasing an additional 28 shares in the last quarter. Stonegate Investment Group LLC raised its stake in shares of Ulta Beauty by 0.5% in the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock worth $2,881,000 after buying an additional 34 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer's stock valued at $685,000 after buying an additional 34 shares during the period. Finally, Prestige Wealth Management Group LLC boosted its stake in Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after buying an additional 34 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ULTA has been the topic of several recent research reports. The Goldman Sachs Group upgraded shares of Ulta Beauty from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $384.00 to $423.00 in a research report on Tuesday, April 1st. JPMorgan Chase & Co. decreased their target price on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Piper Sandler reduced their price target on shares of Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Wells Fargo & Company lowered their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating on the stock in a research report on Friday, March 14th. Finally, B. Riley lowered their price target on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $427.61.

Ulta Beauty Stock Performance

Shares of ULTA traded up $8.19 during mid-day trading on Thursday, hitting $385.93. The company's stock had a trading volume of 538,468 shares, compared to its average volume of 1,053,641. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00. The stock's 50-day moving average is $357.62 and its two-hundred day moving average is $382.22. The firm has a market capitalization of $17.49 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (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 for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the firm posted $8.08 EPS. The business's revenue was down 1.9% compared to the same quarter last year. Analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Insider Buying and Selling at Ulta Beauty

In other 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 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 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.39% of the company's stock.

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.