O Shaughnessy Asset Management LLC lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 166.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,947 shares of the specialty retailer's stock after buying an additional 1,840 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Ulta Beauty were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the stock. Prestige Wealth Management Group LLC boosted its holdings in shares of Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after buying an additional 34 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. grew its holdings in Ulta Beauty by 151.5% in 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 during the period. Future Financial Wealth Managment LLC bought a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $43,000. 90.39% of the stock is owned by institutional investors.
Insider Buying and Selling at Ulta Beauty
In other 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 transaction of $332,982.32. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.39% of the company's stock.
Ulta Beauty Trading Up 1.8 %
Ulta Beauty stock traded up $6.51 during trading on Friday, reaching $361.46. The company had a trading volume of 943,145 shares, compared to its average volume of 1,056,814. The firm has a market capitalization of $16.38 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. The firm's 50-day simple moving average is $360.13 and its 200 day simple moving average is $383.45. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $7.13 by $1.33. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $8.08 earnings per share. On average, analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.
Analyst Ratings Changes
Several analysts recently weighed in on the company. TD Cowen upped their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their target price on shares of Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating for the company in a report on Friday, March 14th. Canaccord Genuity Group cut their price target on shares of Ulta Beauty from $538.00 to $526.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Morgan Stanley decreased their price objective on shares of Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Finally, Piper Sandler cut their target price on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $427.61.
Check Out Our Latest Stock Report on Ulta Beauty
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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