World Investment Advisors boosted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 329.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,342 shares of the specialty retailer's stock after purchasing an additional 1,797 shares during the period. World Investment Advisors' holdings in Ulta Beauty were worth $1,019,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Ulta Beauty by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer's stock worth $520,587,000 after purchasing an additional 11,205 shares during the period. Norges Bank acquired a new position in Ulta Beauty in the fourth quarter valued at $239,432,000. Amundi boosted its position in Ulta Beauty by 19.7% during the fourth quarter. Amundi now owns 450,239 shares of the specialty retailer's stock valued at $186,912,000 after acquiring an additional 74,013 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Ulta Beauty by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,938 shares of the specialty retailer's stock valued at $139,151,000 after acquiring an additional 12,273 shares during the last quarter. Finally, Summitry LLC grew its holdings in Ulta Beauty by 2.4% during the 4th quarter. Summitry LLC now owns 216,671 shares of the specialty retailer's stock worth $94,237,000 after acquiring an additional 5,137 shares during the period. 90.39% of the stock is owned by institutional investors.
Insiders Place Their Bets
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 transaction of $332,982.32. Following the completion of the sale, the insider now directly owns 7,632 shares of the company's stock, 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 SEC, which is available through the SEC website. Insiders own 0.39% of the company's stock.
Ulta Beauty Price Performance
Shares of NASDAQ ULTA traded up $6.51 during trading on Friday, hitting $361.46. The stock had a trading volume of 943,145 shares, compared to its average volume of 1,056,814. The firm has a fifty day moving average of $360.13 and a two-hundred day moving average of $383.45. The company has a market capitalization of $16.38 billion, a PE ratio of 14.46, a PEG 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.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the firm posted $8.08 EPS. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
ULTA has been the topic of a number of recent analyst reports. B. Riley dropped 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. Canaccord Genuity Group cut their price target on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Oppenheimer raised their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Stifel Nicolaus dropped their target price on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a research report on Friday, March 14th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $500.00 price target on shares of Ulta Beauty in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $427.61.
Read Our Latest Stock Report on ULTA
About Ulta Beauty
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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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