500 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 500 shares of the specialty retailer’s stock, valued at approximately $217,000.

Several other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its stake in shares of Ulta Beauty by 28.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 37 shares during the period. Blueshift Asset Management LLC lifted its position in shares of Ulta Beauty by 1,052.6% during the 3rd quarter. Blueshift Asset Management LLC now owns 8,218 shares of the specialty retailer’s stock valued at $3,198,000 after acquiring an additional 7,505 shares during the period. Savant Capital LLC boosted its stake in shares of Ulta Beauty by 199.5% during the 4th quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer’s stock worth $2,021,000 after acquiring an additional 3,095 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Ulta Beauty by 7.8% in the 4th quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer’s stock valued at $1,663,000 after purchasing an additional 288 shares in the last quarter. Finally, Soros Capital Management LLC raised its holdings in Ulta Beauty by 3,145.2% during the third quarter. Soros Capital Management LLC now owns 27,000 shares of the specialty retailer’s stock worth $10,506,000 after purchasing an additional 26,168 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Trading Up 0.3 %

Shares of ULTA opened at $371.90 on Thursday. The stock’s fifty day simple moving average is $375.44 and its 200 day simple moving average is $386.48. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $529.67. The firm has a market capitalization of $17.25 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results 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 return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the business earned $8.08 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ULTA has been the subject of a number of research analyst reports. TD Cowen raised their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. BMO Capital Markets reduced their price target on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a report on Friday, March 14th. Stifel Nicolaus dropped their price objective on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a research note on Friday, March 14th. DA Davidson cut their price objective on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Finally, Piper Sandler lowered their target price on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $427.13.

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.