First Foundation Advisors increased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 51.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,118 shares of the specialty retailer's stock after buying an additional 4,121 shares during the quarter. First Foundation Advisors' holdings in Ulta Beauty were worth $5,270,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in ULTA. Prestige Wealth Management Group LLC raised its stake in shares of Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after buying an additional 34 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Ulta Beauty by 118.4% during 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 during the period. Edge Capital Group LLC acquired a new position in shares of Ulta Beauty during the 4th quarter valued at $33,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 90.39% of the company's stock.
Ulta Beauty Stock Performance
Shares of Ulta Beauty stock traded down $5.72 during trading on Tuesday, reaching $360.53. The company's stock had a trading volume of 319,810 shares, compared to its average volume of 1,055,995. The business's fifty day moving average price is $359.24 and its 200-day moving average price is $383.03. The firm has a market cap of $16.34 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00.
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. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. DA Davidson lowered their price target on shares of Ulta Beauty from $510.00 to $415.00 and set a "buy" rating for the company in a report on Friday, March 14th. Morgan Stanley reduced their price target on shares of Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Citigroup decreased their price objective on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating for the company in a report on Monday, March 17th. 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. Finally, StockNews.com raised Ulta Beauty from a "sell" rating to a "hold" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $427.61.
Check Out Our Latest Stock Report on ULTA
Insider Activity at Ulta Beauty
In other news, insider Jodi J. Caro sold 902 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $2,817,429.12. The trade was a 10.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is currently owned by insiders.
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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