2,010 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Acquired by Novem Group

Novem Group acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,010 shares of the specialty retailer's stock, valued at approximately $874,000.

Several other institutional investors and hedge funds have also bought and sold shares of ULTA. Capital World Investors purchased a new position in shares of Ulta Beauty during the 4th quarter valued at $430,674,000. Norges Bank purchased a new stake in Ulta Beauty during the fourth quarter valued at about $239,432,000. Marshall Wace LLP boosted its position in 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 period. Proficio Capital Partners LLC purchased a new position in shares of Ulta Beauty in the fourth quarter worth about $58,074,000. Finally, Victory Capital Management Inc. raised its position in shares of Ulta Beauty by 364.6% in the fourth quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer's stock valued at $69,177,000 after purchasing an additional 124,822 shares during the period. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Argus cut Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Barclays decreased their target price on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. BMO Capital Markets lowered their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research note on Friday, March 14th. Citigroup upgraded shares of Ulta Beauty from a "neutral" rating to a "positive" rating in a research report on Wednesday, May 14th. Finally, Oppenheimer increased their price objective on Ulta Beauty from $435.00 to $465.00 and gave the stock an "outperform" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $424.00.

Insiders Place Their Bets

In related news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction dated 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. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.39% of the company's stock.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $404.75 on Thursday. The business has a 50-day moving average of $375.08 and a 200 day moving average of $386.19. The stock has a market capitalization of $18.27 billion, a PE ratio of 16.20, a P/E/G ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $460.00.

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 for the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter last year, the business earned $8.08 earnings per share. The business's revenue was down 1.9% on a year-over-year basis. Analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.

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