Landscape Capital Management L.L.C. Has $2.78 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Landscape Capital Management L.L.C. cut its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 52.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,394 shares of the specialty retailer's stock after selling 7,052 shares during the period. Landscape Capital Management L.L.C.'s holdings in Ulta Beauty were worth $2,781,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ULTA. Cornerstone Investment Partners LLC increased its position in Ulta Beauty by 3.9% during the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock worth $289,000 after buying an additional 25 shares during the last quarter. RWA Wealth Partners LLC increased its position in shares of Ulta Beauty by 1.5% during the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock valued at $812,000 after purchasing an additional 28 shares during the period. Stonegate Investment Group LLC raised its stake in shares of Ulta Beauty by 0.5% in the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock valued at $2,881,000 after buying an additional 34 shares in the last quarter. Resonant Capital Advisors LLC raised its position in Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer's stock worth $685,000 after purchasing an additional 34 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its position 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 period. Institutional investors and hedge funds own 90.39% of the company's stock.

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Insider Buying and Selling

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 completion of the transaction, the insider now owns 7,632 shares of the company's stock, valued at $2,817,429.12. This represents a 10.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is owned by corporate insiders.

Ulta Beauty Price Performance

Ulta Beauty stock traded up $4.02 during midday trading on Wednesday, hitting $332.03. The company's stock had a trading volume of 313,945 shares, compared to its average volume of 1,047,026. The company has a market cap of $15.04 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $460.00. The company has a 50-day moving average price of $364.23 and a two-hundred day moving average price of $384.43.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly 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. 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 firm's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $8.08 earnings per share. Sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ULTA shares. Oppenheimer lifted their price target 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. Morgan Stanley decreased their price target on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Barclays lowered their target price on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. The Goldman Sachs Group upgraded Ulta Beauty from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $384.00 to $423.00 in a research report on Tuesday, April 1st. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $500.00 target price on shares of Ulta Beauty in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $427.61.

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.