Nebula Research & Development LLC Purchases New Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Nebula Research & Development LLC bought a new position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,506 shares of the specialty retailer's stock, valued at approximately $2,830,000.

Several other large investors have also recently modified their holdings of the business. Prestige Wealth Management Group LLC increased 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 during the period. Westside Investment Management Inc. increased 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 during the period. Edge Capital Group LLC bought a new stake in Ulta Beauty during the 4th quarter worth approximately $33,000. Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty during the 4th quarter worth approximately $43,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Ulta Beauty during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the transaction, the insider now owns 7,632 shares of the company's stock, valued at approximately $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 accessible through this link. Insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ULTA. StockNews.com raised shares of Ulta Beauty from a "sell" rating to a "hold" rating in a research note on Tuesday, January 7th. The Goldman Sachs Group raised shares of Ulta Beauty from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $384.00 to $423.00 in a research note on Tuesday, April 1st. Wells Fargo & Company cut their price target on shares of Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Piper Sandler cut their price target on shares of Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, DA Davidson reissued a "buy" rating and issued a $415.00 price target on shares of Ulta Beauty in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $427.61.

Ulta Beauty Price Performance

ULTA traded up $2.77 on Monday, hitting $386.44. The company had a trading volume of 777,974 shares, compared to its average volume of 1,054,502. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $460.00. The stock has a fifty day simple moving average of $358.34 and a 200-day simple moving average of $382.79. The firm has a market capitalization of $17.51 billion, a P/E ratio of 15.46, a P/E/G ratio of 0.89 and a beta of 1.16.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 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 business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the business posted $8.08 earnings per share. Ulta Beauty's quarterly revenue was down 1.9% compared to the same quarter last year. Equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

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.