51,390 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 51,390 shares of the specialty retailer's stock, valued at approximately $22,351,000. Susquehanna Fundamental Investments LLC owned 0.11% of Ulta Beauty as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC lifted its stake in Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 34 shares in the last quarter. Westside Investment Management Inc. lifted its stake in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Ulta Beauty during the fourth quarter worth $43,000. Ameliora Wealth Management Ltd. acquired a new position in Ulta Beauty during the fourth quarter worth $43,000. Finally, ORG Partners LLC acquired a new position in Ulta Beauty during the fourth quarter worth $57,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ULTA shares. Barclays decreased their price target on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Telsey Advisory Group restated an "outperform" rating and set a $500.00 price target on shares of Ulta Beauty in a research note on Monday, March 10th. B. Riley reduced their price objective on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Oppenheimer increased their price objective on Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Finally, TD Cowen increased their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $427.61.

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the company'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 sale, the insider now owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. This represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.39% of the stock is currently owned by company insiders.

Ulta Beauty Trading Up 1.0 %

Shares of Ulta Beauty stock traded up $3.81 during trading hours on Tuesday, hitting $390.25. 687,265 shares of the company were exchanged, compared to its average volume of 1,054,556. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00. The business has a 50-day moving average of $358.87 and a 200-day moving average of $382.90. The stock has a market capitalization of $17.68 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 0.89 and a beta of 1.16.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. The firm 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%. Ulta Beauty's revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.08 earnings per share. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Ulta Beauty Company 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.