Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC increased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 15.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 85,864 shares of the specialty retailer's stock after buying an additional 11,393 shares during the quarter. Ulta Beauty comprises approximately 1.2% of Cooper Creek Partners Management LLC's portfolio, making the stock its 29th biggest position. Cooper Creek Partners Management LLC owned about 0.19% of Ulta Beauty worth $37,345,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Prestige Wealth Management Group LLC increased its holdings 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 during the last quarter. Westside Investment Management Inc. increased its stake in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 45 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in Ulta Beauty in the 4th quarter worth $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in Ulta Beauty during the fourth quarter valued at $43,000. Institutional investors own 90.39% of the company's stock.

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Ulta Beauty Stock Performance

Ulta Beauty stock traded down $8.16 during midday trading on Tuesday, hitting $358.09. 658,273 shares of the company were exchanged, compared to its average volume of 1,057,893. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $460.00. The firm has a market capitalization of $16.22 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. The business has a fifty day simple moving average of $358.37 and a two-hundred day simple moving average of $382.86.

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 (EPS) for the quarter, beating 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 firm had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the previous year, the business posted $8.08 EPS. The business's revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com raised Ulta Beauty from a "sell" rating to a "hold" rating in a research report on Tuesday, January 7th. Morgan Stanley decreased their price objective on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. DA Davidson decreased their price objective on shares of Ulta Beauty from $510.00 to $415.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Bank of America lowered their target price on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, Oppenheimer lifted their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $427.61.

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was 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 directly owns 7,632 shares in the company, valued at $2,817,429.12. This represents a 10.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is currently owned by company insiders.

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.