Groupama Asset Managment boosted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 92.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,157 shares of the specialty retailer's stock after acquiring an additional 1,034 shares during the quarter. Groupama Asset Managment's holdings in Ulta Beauty were worth $939,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in ULTA. Prestige Wealth Management Group LLC boosted 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 acquiring an additional 34 shares during the period. Sunbelt Securities Inc. lifted its holdings in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. boosted its position in 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 purchasing an additional 50 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty in the fourth quarter valued at $43,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of Ulta Beauty in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 90.39% of the company's stock.
Ulta Beauty Trading Down 2.3 %
ULTA traded down $8.40 on Friday, reaching $359.36. The stock had a trading volume of 1,531,940 shares, compared to its average volume of 1,047,659. The firm has a 50-day moving average of $369.03 and a 200-day moving average of $385.97. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $460.00. The company has a market capitalization of $16.66 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data 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 return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm posted $8.08 earnings per share. The firm'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 fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently commented on ULTA. JPMorgan Chase & Co. lowered 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. The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $384.00 to $423.00 in a report on Tuesday. UBS Group upped their target price on Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Stifel Nicolaus decreased their price target on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a research report on Friday, March 14th. Finally, Canaccord Genuity Group cut their price objective on shares of Ulta Beauty from $538.00 to $526.00 and set a "buy" 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 stock. Based on data from MarketBeat, Ulta Beauty has a consensus rating of "Hold" and an average price target of $427.61.
Check Out Our Latest Report on Ulta Beauty
Insider Activity
In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the sale, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. The trade was a 10.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.39% of the company's stock.
Ulta Beauty 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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