Vinva Investment Management Ltd Buys Shares of 840 Ulta Beauty, Inc. (NASDAQ:ULTA)

Vinva Investment Management Ltd acquired a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 840 shares of the specialty retailer's stock, valued at approximately $366,000.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Investment Partners LLC grew its position in shares of Ulta Beauty by 3.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock valued at $289,000 after acquiring an additional 25 shares during the period. Stonegate Investment Group LLC boosted its position in Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock worth $2,881,000 after purchasing an additional 34 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer's stock valued at $685,000 after purchasing an additional 34 shares during the period. Clear Creek Financial Management LLC increased its position in shares of Ulta Beauty by 4.4% in the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer's stock valued at $362,000 after buying an additional 35 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. raised its stake in shares of Ulta Beauty by 4.2% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 861 shares of the specialty retailer's stock worth $374,000 after buying an additional 35 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ULTA shares. UBS Group lifted their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Telsey Advisory Group reissued an "outperform" rating and set a $500.00 target price on shares of Ulta Beauty in a research note on Monday, March 10th. Oppenheimer raised their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Barclays cut their price objective on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. Finally, Citigroup decreased their target price on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $427.13.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock traded up $4.90 during trading hours on Tuesday, hitting $371.06. The company's stock had a trading volume of 261,904 shares, compared to its average volume of 1,044,802. The firm has a fifty day moving average of $376.82 and a 200-day moving average of $386.57. The stock has a market cap of $17.21 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $529.67.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping the consensus estimate of $7.13 by $1.33. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty's revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $8.08 earnings per share. On average, sell-side analysts expect 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.