Dynamic Technology Lab Private Ltd Increases Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Dynamic Technology Lab Private Ltd increased its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 55.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,033 shares of the specialty retailer's stock after acquiring an additional 1,805 shares during the quarter. Ulta Beauty comprises approximately 0.4% of Dynamic Technology Lab Private Ltd's holdings, making the stock its 23rd biggest position. Dynamic Technology Lab Private Ltd's holdings in Ulta Beauty were worth $2,189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC raised its stake in Ulta Beauty by 121.4% during 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 period. Sunbelt Securities Inc. lifted its holdings in shares of Ulta Beauty by 118.4% in 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 in the last quarter. Westside Investment Management Inc. boosted 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 acquiring an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Ulta Beauty during the fourth quarter worth $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Ulta Beauty in the 4th quarter worth $43,000. Institutional investors own 90.39% of the company's stock.

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Insider Activity

In other news, insider Jodi J. Caro sold 902 shares of Ulta Beauty 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 transaction, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.39% of the company's stock.

Analysts Set New Price Targets

ULTA has been the topic of several research reports. Citigroup reduced their target price on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Canaccord Genuity Group decreased their price objective on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating on the stock in a report on Friday, March 14th. TD Cowen raised their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Finally, BMO Capital Markets lowered their price objective on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $427.61.

Ulta Beauty Trading Down 2.8 %

Shares of Ulta Beauty stock traded down $10.15 on Thursday, hitting $353.04. 516,921 shares of the company traded hands, compared to its average volume of 1,052,179. The company has a market cap of $16.00 billion, a PE ratio of 13.99, a PEG ratio of 0.89 and a beta of 1.16. The stock's 50 day moving average price is $362.15 and its 200-day moving average price is $384.07. 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 issued 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. The business had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $8.08 EPS. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Ulta Beauty Company 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.