Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Zuckerman Investment Group LLC

Zuckerman Investment Group LLC grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,211 shares of the specialty retailer's stock after acquiring an additional 10,744 shares during the quarter. Ulta Beauty accounts for approximately 4.4% of Zuckerman Investment Group LLC's investment portfolio, making the stock its 3rd biggest position. Zuckerman Investment Group LLC owned about 0.24% of Ulta Beauty worth $44,982,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in shares of Ulta Beauty during the 4th quarter worth approximately $239,432,000. Proficio Capital Partners LLC acquired a new stake in Ulta Beauty during the fourth quarter worth approximately $58,074,000. Victory Capital Management Inc. increased its stake in Ulta Beauty by 364.6% during the 4th quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer's stock worth $69,177,000 after acquiring an additional 124,822 shares during the period. Assenagon Asset Management S.A. raised its holdings in Ulta Beauty by 258.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer's stock valued at $54,884,000 after acquiring an additional 90,972 shares in the last quarter. Finally, Edge Capital Group LLC bought a new stake in shares of Ulta Beauty during the 4th quarter valued at $33,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

NASDAQ ULTA traded down $6.53 during mid-day trading on Tuesday, reaching $359.72. 293,615 shares of the stock were exchanged, compared to its average volume of 1,055,905. The stock has a market cap of $16.30 billion, a P/E ratio of 14.39, a P/E/G ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00. The stock has a 50 day simple moving average of $359.24 and a 200-day simple moving average of $383.03.

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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 (EPS) for the quarter, beating analysts' consensus estimates of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the business earned $8.08 EPS. The firm's revenue was down 1.9% compared to the same quarter last year. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Insider Activity

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm'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 completion of the sale, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. This trade represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. BMO Capital Markets cut their price objective on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a research report on Friday, March 14th. Stifel Nicolaus decreased their price objective on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a research note on Friday, March 14th. 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 report on Friday, March 14th. Morgan Stanley reduced their target price on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Finally, Argus cut Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.