Cary Street Partners Financial LLC bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,435 shares of the specialty retailer's stock, valued at approximately $2,799,000.
Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in Ulta Beauty by 28.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock valued at $72,000 after acquiring an additional 37 shares during the last quarter. Savant Capital LLC increased its stake in Ulta Beauty by 199.5% in 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 period. Sanctuary Advisors LLC lifted its stake in shares of Ulta Beauty by 7.8% in the 4th 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 during the period. Buckhead Capital Management LLC increased its stake in shares of Ulta Beauty by 15.6% during 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 period. Finally, Brookstone Capital Management acquired a new stake in Ulta Beauty in the fourth quarter valued at about $348,000. Hedge funds and other institutional investors own 90.39% of the company's stock.
Ulta Beauty Price Performance
Shares of NASDAQ ULTA traded up $19.41 during trading hours on Monday, hitting $411.58. 396,848 shares of the stock were exchanged, compared to its average volume of 1,050,833. The firm has a market capitalization of $18.58 billion, a P/E ratio of 16.51, a P/E/G ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00. The company's 50 day moving average is $364.49 and its 200 day moving average is $384.36.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share 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 company had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the prior year, the business earned $8.08 earnings per share. Ulta Beauty's revenue for the quarter was down 1.9% compared to the same quarter last year. Research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
ULTA has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their target price on Ulta Beauty from $310.00 to $300.00 and set an "underweight" rating for the company in a report on Wednesday, April 30th. Canaccord Genuity Group dropped their price target on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a research report on Friday, March 14th. BMO Capital Markets dropped their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a report on Friday, March 14th. B. Riley dropped their price objective on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and upped their target price for the company from $384.00 to $423.00 in a research note on Tuesday, April 1st. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $427.17.
Read Our Latest Analysis on ULTA
Insider Activity
In other news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction on 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 sale, the insider now directly 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 SEC, which is available through this link. 0.17% of the stock is currently owned by company insiders.
Ulta Beauty Company Profile
(
Free Report)
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.
See Also
Before you consider Ulta Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ulta Beauty wasn't on the list.
While Ulta Beauty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
