Rahlfs Capital LLC Invests $2.40 Million in Ulta Beauty, Inc. (NASDAQ:ULTA)

Rahlfs Capital LLC acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,526 shares of the specialty retailer's stock, valued at approximately $2,403,000. Ulta Beauty accounts for about 2.2% of Rahlfs Capital LLC's investment portfolio, making the stock its 10th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ULTA. Smartleaf Asset Management LLC raised its holdings in Ulta Beauty by 28.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock valued at $72,000 after buying an additional 37 shares during the period. Savant Capital LLC boosted its position in shares of Ulta Beauty by 199.5% during the fourth quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock worth $2,021,000 after buying an additional 3,095 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Ulta Beauty by 7.8% in the 4th quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock valued at $1,663,000 after buying an additional 288 shares during the period. Buckhead Capital Management LLC lifted its holdings in Ulta Beauty by 15.6% during the 4th quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer's stock worth $5,257,000 after buying an additional 1,633 shares in the last quarter. Finally, Brookstone Capital Management acquired a new position in shares of Ulta Beauty during the 4th quarter worth about $348,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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Ulta Beauty Trading Down 2.2 %

Shares of NASDAQ ULTA traded down $8.13 during trading on Thursday, reaching $355.06. The company had a trading volume of 609,004 shares, compared to its average volume of 1,052,409. The stock has a market capitalization of $16.09 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. The stock has a 50-day moving average price of $362.15 and a two-hundred day moving average price of $384.07. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $460.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating 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 business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the business posted $8.08 earnings per share. The company's revenue was down 1.9% on a year-over-year basis. On average, sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty 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 sale, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. The trade was a 10.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stifel Nicolaus reduced their price objective on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a research note on Friday, March 14th. The Goldman Sachs Group raised shares of Ulta Beauty from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $384.00 to $423.00 in a research note on Tuesday, April 1st. JPMorgan Chase & Co. cut their price target 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. Citigroup lowered their price objective on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, B. Riley cut their target price on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.