DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Acquires 8,043 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 307.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,660 shares of the specialty retailer's stock after purchasing an additional 8,043 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Ulta Beauty were worth $4,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ULTA. Cornerstone Investment Partners LLC grew its holdings in Ulta Beauty by 3.9% during the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock worth $289,000 after buying an additional 25 shares in the last quarter. RWA Wealth Partners LLC grew its holdings in Ulta Beauty by 1.5% during the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock worth $812,000 after buying an additional 28 shares in the last quarter. Lido Advisors LLC grew its holdings in Ulta Beauty by 5.0% during the fourth quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock worth $272,000 after buying an additional 30 shares in the last quarter. Colonial Trust Co SC grew its holdings in Ulta Beauty by 36.9% during the fourth quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock worth $50,000 after buying an additional 31 shares in the last quarter. Finally, Stonegate Investment Group LLC grew its holdings in Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock worth $2,881,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ULTA shares. Piper Sandler decreased their price target on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Argus downgraded Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. DA Davidson restated a "buy" rating and issued a $415.00 price objective on shares of Ulta Beauty in a research note on Wednesday, April 16th. Telsey Advisory Group restated an "outperform" rating and issued a $500.00 price objective on shares of Ulta Beauty in a research note on Monday, March 10th. Finally, B. Riley reduced their price objective on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $427.17.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA traded up $20.21 during trading on Monday, reaching $412.38. 1,188,649 shares of the stock traded hands, compared to its average volume of 1,053,859. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $460.00. The company has a 50-day moving average of $365.70 and a 200-day moving average of $384.63. The stock has a market capitalization of $18.62 billion, a P/E 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 issued its quarterly earnings data 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. The business had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.08 EPS. Analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal 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 transaction of $332,982.32. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.17% 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.