Freestone Grove Partners LP purchased a new position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 74,792 shares of the specialty retailer's stock, valued at approximately $32,529,000. Freestone Grove Partners LP owned approximately 0.16% of Ulta Beauty as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in ULTA. Prestige Wealth Management Group LLC boosted its holdings in Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 34 shares in the last quarter. Westside Investment Management Inc. boosted its stake in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Edge Capital Group LLC purchased a new stake in Ulta Beauty during the 4th quarter valued at about $33,000. Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty during the 4th quarter valued at about $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in Ulta Beauty in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 90.39% of the company's stock.
Insiders Place Their Bets
In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction 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. This represents a 10.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on ULTA. Barclays reduced their price target on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. JPMorgan Chase & Co. decreased their price target on Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Bank of America dropped their price objective on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Argus lowered Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Finally, B. Riley lowered their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $427.17.
Read Our Latest Research Report on ULTA
Ulta Beauty Stock Performance
Shares of NASDAQ ULTA traded up $2.88 during midday trading on Friday, reaching $395.81. The stock had a trading volume of 524,706 shares, compared to its average volume of 1,055,700. The company has a market capitalization of $17.87 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $460.00. The stock has a 50-day moving average of $361.20 and a 200-day moving average of $383.45.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly 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 analyst estimates of $3.47 billion. During the same quarter in the prior year, the business posted $8.08 EPS. Ulta Beauty's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.
Ulta Beauty Company Profile
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Free Report)
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.
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