XTX Topco Ltd Invests $2.45 Million in Ulta Beauty, Inc. (NASDAQ:ULTA)

XTX Topco Ltd bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,638 shares of the specialty retailer's stock, valued at approximately $2,452,000.

Other large investors also recently modified their holdings of the company. Mariner LLC grew its stake in Ulta Beauty by 14.0% in the fourth quarter. Mariner LLC now owns 6,170 shares of the specialty retailer's stock worth $2,684,000 after purchasing an additional 759 shares during the period. Cooper Creek Partners Management LLC boosted its stake in Ulta Beauty by 15.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 85,864 shares of the specialty retailer's stock valued at $37,345,000 after purchasing an additional 11,393 shares during the last quarter. Advisors Capital Management LLC boosted its position in shares of Ulta Beauty by 0.5% during the fourth quarter. Advisors Capital Management LLC now owns 34,743 shares of the specialty retailer's stock valued at $15,111,000 after buying an additional 158 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in shares of Ulta Beauty in the fourth quarter worth approximately $259,000. Finally, Optimize Financial Inc bought a new stake in Ulta Beauty in the 4th quarter worth approximately $598,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Up 2.3 %

Shares of ULTA traded up $8.16 on Friday, reaching $357.75. The stock had a trading volume of 741,747 shares, compared to its average volume of 1,055,665. The firm has a market capitalization of $16.21 billion, a PE ratio of 14.32, a PEG ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $460.00. The firm has a 50-day moving average of $357.49 and a 200 day moving average of $382.41.

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 the consensus estimate of $7.13 by $1.33. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.08 earnings per share. On average, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Insider Activity at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was 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 approximately $2,817,429.12. This trade represents a 10.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.39% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. B. Riley reduced their price objective on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Oppenheimer lifted their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Telsey Advisory Group restated an "outperform" rating and set a $500.00 target price on shares of Ulta Beauty in a research report on Monday, March 10th. JPMorgan Chase & Co. dropped their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Finally, TD Cowen increased their target price on shares of 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 given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target 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.