Eisler Capital Management Ltd. Acquires Shares of 9,460 Ulta Beauty, Inc. (NASDAQ:ULTA)

Eisler Capital Management Ltd. bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,460 shares of the specialty retailer's stock, valued at approximately $4,074,000.

Other large investors also recently modified their holdings of the company. Prestige Wealth Management Group LLC grew its position in Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 34 shares in the last quarter. Edge Capital Group LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $33,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $43,000. Ameliora Wealth Management Ltd. bought a new stake in Ulta Beauty during the fourth quarter worth $43,000. Finally, Colonial Trust Co SC boosted its position in Ulta Beauty by 36.9% in the fourth quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock worth $50,000 after purchasing an additional 31 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ULTA has been the subject of several research analyst reports. Argus lowered Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. B. Riley decreased their price target on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Piper Sandler cut their price objective on shares of Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. JPMorgan Chase & Co. decreased their target price on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Finally, Stifel Nicolaus cut their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $427.17.

Insider Buying and Selling

In other 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 value of $332,982.32. Following the sale, the insider now directly owns 7,632 shares of the company's stock, valued at $2,817,429.12. The trade was a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.17% of the stock is owned by insiders.

Ulta Beauty Stock Down 0.0%

Shares of NASDAQ ULTA traded down $0.15 during midday trading on Tuesday, reaching $412.23. The company had a trading volume of 598,515 shares, compared to its average volume of 1,052,045. The stock has a market cap of $18.61 billion, a PE ratio of 16.50, a price-to-earnings-growth 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 firm's fifty day moving average price is $365.70 and its 200-day moving average price is $384.63.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating analysts' consensus estimates of $7.13 by $1.33. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.08 earnings per share. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current 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.