Aptus Capital Advisors LLC Acquires Shares of 914 Ulta Beauty, Inc. (NASDAQ:ULTA)

Aptus Capital Advisors LLC bought a new position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 914 shares of the specialty retailer's stock, valued at approximately $398,000.

Several other institutional investors have also made changes to their positions in ULTA. Cornerstone Investment Partners LLC grew its position in Ulta Beauty by 3.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock worth $289,000 after purchasing an additional 25 shares in the last quarter. RWA Wealth Partners LLC raised its position in Ulta Beauty by 1.5% during the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock valued at $812,000 after buying an additional 28 shares during the period. Lido Advisors LLC lifted its stake in Ulta Beauty by 5.0% in the 4th quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock worth $272,000 after acquiring an additional 30 shares in the last quarter. Stonegate Investment Group LLC boosted its position in Ulta Beauty by 0.5% during the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock worth $2,881,000 after acquiring an additional 34 shares during the period. Finally, Resonant Capital Advisors LLC increased its holdings in shares of Ulta Beauty by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer's stock valued at $685,000 after purchasing an additional 34 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. This trade represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.39% of the company's stock.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several research reports. Argus cut shares of Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. B. Riley lowered their price target on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Bank of America cut their price objective on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a report on Friday, March 14th. TD Cowen boosted their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Finally, Barclays cut their price target on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Ulta Beauty has a consensus rating of "Hold" and a consensus price target of $427.17.

Ulta Beauty Price Performance

ULTA opened at $392.66 on Thursday. The company's 50 day simple moving average is $362.71 and its 200-day simple moving average is $383.79. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00. The stock has a market capitalization of $17.73 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06.

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

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