BLI Banque de Luxembourg Investments Invests $13.98 Million in Ulta Beauty, Inc. (NASDAQ:ULTA)

BLI Banque de Luxembourg Investments bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,100 shares of the specialty retailer's stock, valued at approximately $13,981,000. BLI Banque de Luxembourg Investments owned about 0.07% of Ulta Beauty as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ULTA. Smartleaf Asset Management LLC increased its position in shares of Ulta Beauty by 28.7% during the 4th 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 last quarter. Savant Capital LLC grew its position in Ulta Beauty by 199.5% during the fourth quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock valued at $2,021,000 after acquiring an additional 3,095 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Ulta Beauty by 7.8% during the fourth quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock worth $1,663,000 after acquiring an additional 288 shares in the last quarter. Buckhead Capital Management LLC lifted its holdings in shares of Ulta Beauty by 15.6% in the 4th quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer's stock worth $5,257,000 after acquiring an additional 1,633 shares during the last quarter. Finally, Brookstone Capital Management bought a new position in shares of Ulta Beauty during the 4th quarter valued at $348,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Piper Sandler lowered their price objective on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Canaccord Genuity Group dropped their target price on shares of Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a report on Friday, March 14th. Oppenheimer boosted their price target on Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. BMO Capital Markets cut their price objective on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research report on Friday, March 14th. Finally, JPMorgan Chase & Co. decreased their target price on Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating for the company in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $427.17.

Ulta Beauty Stock Up 0.7 %

NASDAQ:ULTA opened at $395.81 on Friday. The stock has a market cap of $17.87 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.89 and a beta of 1.16. The company's 50 day moving average price is $361.20 and its 200-day moving average price is $383.45. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $460.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the business posted $8.08 EPS. The company's revenue was down 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Insider Buying and Selling at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the 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 transaction, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. This represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.39% of the company's stock.

Ulta Beauty Company 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.

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