Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG lifted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 655,561 shares of the specialty retailer's stock after buying an additional 9,291 shares during the quarter. Deutsche Bank AG owned approximately 1.41% of Ulta Beauty worth $285,123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in shares of 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 purchasing an additional 37 shares during the last quarter. Savant Capital LLC increased 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 worth $2,021,000 after buying an additional 3,095 shares in 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 increased its position in 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 buying an additional 1,633 shares in the last quarter. Finally, Brookstone Capital Management purchased a new position in Ulta Beauty during the fourth quarter worth $348,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction that occurred 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 transaction, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Stifel Nicolaus decreased their price target on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a research note on Friday, March 14th. The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and raised their price target for the stock from $384.00 to $423.00 in a research note on Tuesday, April 1st. Canaccord Genuity Group reduced their price target 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, 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 report on Friday, March 14th. One investment 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 MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $427.17.

Ulta Beauty Trading Up 5.2%

ULTA stock traded up $20.21 during midday trading on Monday, hitting $412.38. 1,188,649 shares of the company's stock were exchanged, compared to its average volume of 1,053,859. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $460.00. The firm has a 50 day moving average price of $364.49 and a 200-day moving average price of $384.36. The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06.

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 (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 company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous 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. On average, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

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.