Citizens Business Bank Purchases 1,161 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Citizens Business Bank raised its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 16.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,235 shares of the specialty retailer's stock after buying an additional 1,161 shares during the quarter. Citizens Business Bank's holdings in Ulta Beauty were worth $3,582,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. World Investment Advisors LLC bought a new position in shares of Ulta Beauty in the 3rd quarter valued at approximately $212,000. Nordea Investment Management AB grew its holdings in Ulta Beauty by 14.0% during the fourth quarter. Nordea Investment Management AB now owns 32,031 shares of the specialty retailer's stock valued at $14,015,000 after purchasing an additional 3,935 shares during the last quarter. Douglas Lane & Associates LLC raised its position in shares of Ulta Beauty by 5.4% in the fourth quarter. Douglas Lane & Associates LLC now owns 2,109 shares of the specialty retailer's stock valued at $917,000 after purchasing an additional 108 shares during the period. ORG Partners LLC bought a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $57,000. Finally, HBW Advisory Services LLC lifted its stake in shares of Ulta Beauty by 11.3% in the fourth quarter. HBW Advisory Services LLC now owns 6,478 shares of the specialty retailer's stock worth $2,817,000 after buying an additional 658 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jodi J. Caro sold 902 shares of Ulta Beauty 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.17% of the company's stock.

Ulta Beauty Trading Up 5.2%

Shares of ULTA stock traded up $20.21 on Monday, reaching $412.38. The company had a trading volume of 1,188,256 shares, compared to its average volume of 1,053,857. The company has a 50-day moving average of $364.49 and a 200-day moving average of $384.36. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $460.00. The stock has a market cap of $18.62 billion, a PE ratio of 16.50, a PEG ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the prior year, the business earned $8.08 EPS. Ulta Beauty's revenue for the quarter was down 1.9% compared to the same quarter last year. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

ULTA has been the topic of several recent analyst reports. Stifel Nicolaus dropped their target price on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock 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. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $500.00 price target on shares of Ulta Beauty in a research note on Monday, March 10th. Barclays decreased their price objective on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Finally, Argus cut Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.