Rahlfs Capital LLC Buys Shares of 5,526 Ulta Beauty, Inc. (NASDAQ:ULTA)

Rahlfs Capital LLC purchased a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,526 shares of the specialty retailer’s stock, valued at approximately $2,403,000. Ulta Beauty comprises approximately 2.2% of Rahlfs Capital LLC’s investment portfolio, making the stock its 10th largest position.

Other institutional investors have also made changes to their positions in the company. Prestige Wealth Management Group LLC grew 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 worth $27,000 after buying an additional 34 shares during the period. Sunbelt Securities Inc. grew its holdings in Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. increased its stake in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Ulta Beauty in the fourth quarter worth $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $43,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on ULTA. Piper Sandler decreased their target price on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a research note 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 research note on Tuesday, January 7th. Canaccord Genuity Group lowered their target price on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a report on Friday, March 14th. BMO Capital Markets reduced their price objective on 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, Loop Capital lifted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and a consensus target price of $427.61.

Insider Activity

In related news, insider Jodi J. Caro sold 902 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, 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 link. 0.39% of the stock is currently owned by company insiders.

Ulta Beauty Stock Down 2.3 %

Ulta Beauty stock opened at $359.36 on Friday. The stock has a market cap of $16.66 billion, a PE ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.34. The business’s 50-day moving average price is $369.03 and its two-hundred day moving average price is $385.97. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $460.00.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the company earned $8.08 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share 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.