Advanced Portfolio Management LLC Buys Shares of 3,065 Ulta Beauty, Inc. (NASDAQ:ULTA)

Advanced Portfolio Management LLC purchased a new position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,065 shares of the specialty retailer's stock, valued at approximately $1,263,000. Ulta Beauty accounts for approximately 1.5% of Advanced Portfolio Management LLC's portfolio, making the stock its 25th largest position.

Several other hedge funds also recently made changes to their positions in ULTA. World Investment Advisors LLC purchased a new position in shares of Ulta Beauty in the 3rd quarter worth about $212,000. Synovus Financial Corp boosted its stake in Ulta Beauty by 5.2% in the third quarter. Synovus Financial Corp now owns 2,556 shares of the specialty retailer's stock worth $995,000 after buying an additional 126 shares in the last quarter. GAMMA Investing LLC grew its position in Ulta Beauty by 170.4% during the fourth quarter. GAMMA Investing LLC now owns 1,141 shares of the specialty retailer's stock valued at $496,000 after acquiring an additional 719 shares during the last quarter. Nordea Investment Management AB grew its position in Ulta Beauty by 14.0% during the fourth quarter. Nordea Investment Management AB now owns 32,031 shares of the specialty retailer's stock valued at $14,015,000 after acquiring an additional 3,935 shares during the last quarter. Finally, Douglas Lane & Associates LLC raised its stake in shares of Ulta Beauty by 5.4% during the fourth quarter. Douglas Lane & Associates LLC now owns 2,109 shares of the specialty retailer's stock worth $917,000 after acquiring an additional 108 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ULTA shares. JPMorgan Chase & Co. decreased their price objective on Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. B. Riley lowered 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. Bank of America cut their target price on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. The Goldman Sachs Group upgraded shares of Ulta Beauty from a "neutral" rating to a "buy" rating and upped their price target for the company from $384.00 to $423.00 in a report on Tuesday, April 1st. Finally, Oppenheimer raised their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty has an average rating of "Hold" and a consensus price target of $427.17.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $2,817,429.12. The trade was a 10.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.39% of the stock is owned by company insiders.

Ulta Beauty Trading Down 0.4 %

NASDAQ ULTA traded down $1.52 on Monday, hitting $394.29. 533,376 shares of the company's stock traded hands, compared to its average volume of 1,053,611. The firm's 50-day moving average price is $361.76 and its two-hundred day moving average price is $383.71. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $460.00. The firm has a market capitalization of $17.80 billion, a PE ratio of 15.78, a P/E/G ratio of 0.89 and a beta of 1.16.

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

About Ulta Beauty

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.