1,000 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Purchased by Uniting Wealth Partners LLC

Uniting Wealth Partners LLC acquired a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000 shares of the specialty retailer’s stock, valued at approximately $435,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ULTA. Prestige Wealth Management Group LLC increased its position 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 purchasing an additional 34 shares during 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 buying an additional 45 shares during the period. Westside Investment Management Inc. increased its position in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Edge Capital Group LLC purchased a new stake in shares of Ulta Beauty in the fourth quarter valued at $33,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty in the 4th quarter worth about $43,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the transaction, the insider now owns 7,632 shares of the company’s stock, valued at $2,817,429.12. The trade was a 10.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a report on Monday, March 10th. B. Riley lowered their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Stifel Nicolaus reduced their price target 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. BMO Capital Markets lowered 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. Finally, StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $427.61.

Ulta Beauty Trading Up 2.3 %

NASDAQ:ULTA opened at $382.51 on Thursday. The firm has a fifty day simple moving average of $371.22 and a 200-day simple moving average of $386.30. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $474.12. The company has a market capitalization of $17.74 billion, a P/E ratio of 15.31, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the business earned $8.08 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.