Cypress Advisory Group LLC Acquires New Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Cypress Advisory Group LLC acquired a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,839 shares of the specialty retailer's stock, valued at approximately $1,235,000. Ulta Beauty comprises 1.1% of Cypress Advisory Group LLC's portfolio, making the stock its 29th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in ULTA. Capital World Investors purchased a new stake in Ulta Beauty in the 4th quarter worth about $430,674,000. Norges Bank purchased a new stake in Ulta Beauty in the fourth quarter worth $239,432,000. Marshall Wace LLP lifted its position in shares of Ulta Beauty by 10,336.7% during the fourth quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer's stock worth $199,681,000 after purchasing an additional 454,711 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Ulta Beauty in the fourth quarter worth about $58,074,000. Finally, Victory Capital Management Inc. increased its stake in Ulta Beauty by 364.6% in the 4th quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer's stock worth $69,177,000 after buying an additional 124,822 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Up 0.7 %

Shares of Ulta Beauty stock traded up $2.88 on Friday, reaching $395.81. 524,706 shares of the stock were exchanged, compared to its average volume of 1,055,700. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $460.00. The business has a 50 day moving average price of $361.20 and a two-hundred day moving average price of $383.45. The firm has a market capitalization of $17.87 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.89 and a beta of 1.16.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its 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 firm had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter last year, the company posted $8.08 earnings per share. The firm's revenue was down 1.9% compared to the same quarter last year. Research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Insider Activity

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction 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. 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. Company insiders own 0.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Canaccord Genuity Group dropped 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 note on Friday, March 14th. Wells Fargo & Company reduced their price objective on Ulta Beauty from $310.00 to $300.00 and set an "underweight" rating on the stock in a report on Wednesday. Stifel Nicolaus lowered their target price on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a report on Friday, March 14th. Morgan Stanley cut their price target on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. One 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $427.17.

Ulta Beauty 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.