Ossiam Acquires 23,539 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Ossiam grew its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 1,214.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,477 shares of the specialty retailer's stock after acquiring an additional 23,539 shares during the quarter. Ossiam owned about 0.05% of Ulta Beauty worth $11,081,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Virtu Financial LLC boosted its holdings in shares of Ulta Beauty by 50.3% in the 3rd quarter. Virtu Financial LLC now owns 5,086 shares of the specialty retailer's stock worth $1,979,000 after purchasing an additional 1,702 shares in the last quarter. Westside Investment Management Inc. grew 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 valued at $32,000 after acquiring an additional 50 shares during the last quarter. Diamant Asset Management Inc. raised its stake in shares of Ulta Beauty by 2.1% during the third quarter. Diamant Asset Management Inc. now owns 2,920 shares of the specialty retailer's stock worth $1,136,000 after acquiring an additional 60 shares in the last quarter. Rule One Partners LLC bought a new stake in shares of Ulta Beauty in the 3rd quarter worth approximately $2,179,000. Finally, Pine Valley Investments Ltd Liability Co grew its holdings in shares of Ulta Beauty by 12.4% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 9,589 shares of the specialty retailer's stock valued at $3,731,000 after purchasing an additional 1,057 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction 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 completion of the sale, the insider now owns 7,632 shares of the company's stock, valued at $2,817,429.12. The trade was a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.39% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Morgan Stanley reduced their price objective on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Stifel Nicolaus lowered their price objective on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a research report on Friday, March 14th. Bank of America cut their target price on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Canaccord Genuity Group lowered their price target on shares of Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a report on Friday, March 14th. Finally, B. Riley cut their price target on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. One 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $427.61.

Ulta Beauty Trading Up 2.6 %

NASDAQ:ULTA traded up $9.82 on Thursday, reaching $387.56. 311,882 shares of the stock traded hands, compared to its average volume of 1,052,807. The company has a market capitalization of $17.56 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $460.00. The company's fifty day simple moving average is $357.62 and its 200 day simple moving average is $382.22.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the business earned $8.08 EPS. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. Equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

About Ulta Beauty

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.