Russell Investments Group Ltd. boosted its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,161 shares of the specialty retailer's stock after purchasing an additional 747 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of Ulta Beauty worth $19,648,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of ULTA. Rahlfs Capital LLC acquired a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $2,403,000. Aviva PLC raised its stake in shares of Ulta Beauty by 7.8% in the 4th quarter. Aviva PLC now owns 29,399 shares of the specialty retailer's stock worth $12,787,000 after buying an additional 2,128 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in Ulta Beauty by 55.9% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 5,033 shares of the specialty retailer's stock worth $2,189,000 after acquiring an additional 1,805 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in Ulta Beauty in the 4th quarter valued at about $6,494,000. Finally, Uniting Wealth Partners LLC bought a new position in shares of Ulta Beauty during the 4th quarter valued at about $435,000. Institutional investors own 90.39% of the company's stock.
Ulta Beauty Stock Performance
Shares of NASDAQ:ULTA traded down $2.58 during midday trading on Tuesday, reaching $363.67. 208,741 shares of the company's stock were exchanged, compared to its average volume of 1,055,557. The firm has a market capitalization of $16.48 billion, a PE ratio of 14.50, a price-to-earnings-growth 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 50 day simple moving average is $359.24 and its two-hundred day simple moving average is $383.03.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating 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 company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the company earned $8.08 EPS. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. On average, research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.
Insider Activity
In other news, insider Jodi J. Caro sold 902 shares of the firm's 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 transaction, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. This trade represents a 10.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts recently commented on ULTA shares. Canaccord Genuity Group cut their target price on shares of Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Oppenheimer lifted their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Bank of America reduced their target price on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a report on Friday, March 14th. BMO Capital Markets cut their price objective on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a report on Friday, March 14th. Finally, Barclays decreased 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. One investment 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.com, Ulta Beauty has an average rating of "Hold" and an average price target of $427.61.
Check Out Our Latest Research Report on ULTA
About Ulta Beauty
(
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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