Aquatic Capital Management LLC Sells 1,319 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Aquatic Capital Management LLC decreased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,561 shares of the specialty retailer's stock after selling 1,319 shares during the quarter. Aquatic Capital Management LLC owned about 0.12% of Ulta Beauty worth $24,165,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ULTA. Johnson Financial Group Inc. boosted its stake in shares of Ulta Beauty by 135.2% during the 4th quarter. Johnson Financial Group Inc. now owns 381 shares of the specialty retailer's stock worth $157,000 after acquiring an additional 219 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Ulta Beauty during the 4th quarter worth approximately $22,351,000. Nebula Research & Development LLC bought a new stake in Ulta Beauty in the 4th quarter valued at $2,830,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Ulta Beauty by 14.4% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 23,106 shares of the specialty retailer's stock valued at $10,050,000 after purchasing an additional 2,911 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its stake in Ulta Beauty by 291.2% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 156,297 shares of the specialty retailer's stock valued at $67,978,000 after purchasing an additional 116,345 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Trading Down 1.1 %

Shares of ULTA stock traded down $4.23 during trading hours on Thursday, hitting $391.42. 234,295 shares of the company were exchanged, compared to its average volume of 1,004,795. The firm has a fifty day simple moving average of $360.02 and a 200 day simple moving average of $383.04. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $460.00. The stock has a market capitalization of $17.67 billion, a price-to-earnings ratio of 15.66, 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 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 company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the business posted $8.08 EPS. Ulta Beauty's quarterly revenue was down 1.9% compared to the same quarter last year. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Insider Activity at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the transaction, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. The trade was a 10.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.39% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Bank of America reduced their price target on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and increased their target price for the stock from $384.00 to $423.00 in a report on Tuesday, April 1st. Piper Sandler reduced their price objective on shares of Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. B. Riley reduced their price objective 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. Finally, Argus downgraded shares of Ulta Beauty from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Ulta Beauty currently has an average rating of "Hold" and an average target price of $427.17.

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.