Resona Asset Management Co. Ltd. purchased a new position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,895 shares of the specialty retailer's stock, valued at approximately $6,494,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prestige Wealth Management Group LLC grew its position in Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 34 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. increased its stake in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after buying an additional 50 shares during the period. Edge Capital Group LLC purchased a new position in Ulta Beauty in the 4th quarter worth about $33,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty during the 4th quarter valued at about $43,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the sale, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.39% of the stock is owned by corporate insiders.
Ulta Beauty Trading Up 1.8 %
Shares of NASDAQ ULTA traded up $6.51 during midday trading on Friday, reaching $361.46. The company had a trading volume of 943,145 shares, compared to its average volume of 1,059,092. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00. The business's 50-day simple moving average is $360.13 and its 200 day simple moving average is $383.29. The stock has a market cap of $16.38 billion, a P/E ratio of 14.46, 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 results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. The company 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 was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.08 EPS. Analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Barclays reduced their target price on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a research report on Friday, March 14th. Piper Sandler reduced their price objective on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Stifel Nicolaus lowered their target price on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a report on Friday, March 14th. TD Cowen raised their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Finally, B. Riley lowered their price objective on shares of 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 research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Ulta Beauty currently has an average rating of "Hold" and an average target price of $427.61.
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Ulta Beauty Profile
(
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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