Polar Asset Management Partners Inc. Buys New Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Polar Asset Management Partners Inc. acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,400 shares of the specialty retailer's stock, valued at approximately $13,222,000. Polar Asset Management Partners Inc. owned approximately 0.07% of Ulta Beauty as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of Ulta Beauty by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer's stock valued at $520,587,000 after purchasing an additional 11,205 shares during the last quarter. Capital World Investors acquired a new stake in Ulta Beauty in the fourth quarter valued at approximately $430,674,000. Deutsche Bank AG increased its stake in Ulta Beauty by 1.4% during the 4th quarter. Deutsche Bank AG now owns 655,561 shares of the specialty retailer's stock worth $285,123,000 after buying an additional 9,291 shares during the period. Northern Trust Corp lifted its stake in shares of Ulta Beauty by 14.7% in the fourth quarter. Northern Trust Corp now owns 562,155 shares of the specialty retailer's stock worth $244,498,000 after acquiring an additional 72,004 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Ulta Beauty during the 4th quarter valued at approximately $239,432,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jodi J. Caro sold 902 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.17% of the company's stock.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock traded down $4.30 on Wednesday, reaching $417.01. The stock had a trading volume of 754,370 shares, compared to its average volume of 1,049,392. The business's 50-day moving average price is $380.28 and its two-hundred day moving average price is $386.87. The stock has a market cap of $18.83 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $460.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping 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 net margin of 10.58% and a return on equity of 51.95%. The business's revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.08 EPS. As a group, equities analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on ULTA. Truist Financial increased their target price on Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Piper Sandler reaffirmed a "neutral" rating on shares of Ulta Beauty in a report on Thursday, May 15th. JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $475.00 to $477.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Morgan Stanley reduced their target price on shares of Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Finally, Bank of America cut their price objective on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $424.78.

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.