First Trust Advisors LP lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 102.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,319 shares of the specialty retailer's stock after purchasing an additional 33,564 shares during the period. First Trust Advisors LP owned approximately 0.14% of Ulta Beauty worth $28,844,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Prestige Wealth Management Group LLC grew its holdings 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 worth $27,000 after acquiring an additional 34 shares in the last quarter. Westside Investment Management Inc. grew its holdings in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 50 shares in the last quarter. Edge Capital Group LLC acquired a new position in Ulta Beauty during the 4th quarter worth approximately $33,000. Future Financial Wealth Managment LLC acquired a new position in Ulta Beauty during the 4th quarter worth approximately $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Ulta Beauty during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 90.39% of the company's stock.
Insider Activity at Ulta Beauty
In related 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 value of $332,982.32. Following the completion of the sale, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. This trade represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.39% of the company's stock.
Analyst Upgrades and Downgrades
ULTA has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered 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. TD Cowen upped 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. Argus cut shares of Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Citigroup lowered their target price on shares of Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, The Goldman Sachs Group upgraded shares of Ulta Beauty from a "neutral" rating to a "buy" rating and upped their price target for the company from $384.00 to $423.00 in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $427.61.
Read Our Latest Research Report on ULTA
Ulta Beauty Stock Up 1.0 %
Shares of NASDAQ ULTA traded up $3.81 during midday trading on Tuesday, hitting $390.25. The company had a trading volume of 687,265 shares, compared to its average volume of 1,053,039. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $460.00. The business has a 50-day simple moving average of $358.87 and a two-hundred day simple moving average of $382.90. The firm has a market capitalization of $17.68 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 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 quarter last year, the business earned $8.08 earnings per share. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current year.
Ulta Beauty Company Profile
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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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