BW Gestao de Investimentos Ltda. Makes New $4.13 Million Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

BW Gestao de Investimentos Ltda. bought a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 9,500 shares of the specialty retailer's stock, valued at approximately $4,132,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its stake 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 worth $72,000 after purchasing an additional 37 shares in the last quarter. Savant Capital LLC grew its holdings in Ulta Beauty by 199.5% during the 4th quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock valued at $2,021,000 after buying an additional 3,095 shares during the last quarter. Sanctuary Advisors LLC increased its position in 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 buying an additional 288 shares in the last quarter. Buckhead Capital Management LLC raised its holdings in shares of Ulta Beauty by 15.6% in the fourth 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 acquired a new position in shares of Ulta Beauty in the fourth quarter worth $348,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Argus cut Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Piper Sandler lowered their price target on shares of Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Oppenheimer upped their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Canaccord Genuity Group decreased their target price on shares of Ulta Beauty from $538.00 to $526.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Finally, DA Davidson reiterated a "buy" rating and issued a $415.00 price target on shares of Ulta Beauty in a report on Wednesday, April 16th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $427.17.

Ulta Beauty Trading Down 1.8 %

NASDAQ:ULTA traded down $7.15 during mid-day trading on Tuesday, hitting $387.14. The company had a trading volume of 548,549 shares, compared to its average volume of 1,052,167. The business has a fifty day simple moving average of $362.18 and a 200-day simple moving average of $383.73. The firm has a market capitalization of $17.48 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping 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 firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company posted $8.08 EPS. Ulta Beauty's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jodi J. Caro sold 902 shares of the stock in a transaction dated Tuesday, April 1st. The stock was 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 owns 7,632 shares of the company's stock, valued at approximately $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 SEC, which is accessible through this link. 0.39% of the stock is currently owned by insiders.

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.