Kera Capital Partners Inc. Takes Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Kera Capital Partners Inc. bought a new position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 732 shares of the specialty retailer's stock, valued at approximately $268,000.

Other institutional investors have also made changes to their positions in the company. Cornerstone Investment Partners LLC boosted its stake in Ulta Beauty by 3.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock worth $289,000 after purchasing an additional 25 shares during the period. RWA Wealth Partners LLC lifted its holdings in shares of Ulta Beauty by 1.5% in the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock valued at $812,000 after purchasing an additional 28 shares in the last quarter. Lido Advisors LLC boosted its position in shares of Ulta Beauty by 5.0% in 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 during the period. Colonial Trust Co SC grew its holdings in shares of Ulta Beauty by 36.9% during the fourth quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock valued at $50,000 after buying an additional 31 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Ulta Beauty by 35.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the specialty retailer's stock valued at $43,000 after buying an additional 31 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Trading Up 11.4%

NASDAQ:ULTA traded up $47.92 during mid-day trading on Friday, hitting $469.71. 4,593,456 shares of the company's stock traded hands, compared to its average volume of 1,061,242. The firm has a market capitalization of $21.21 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. The firm has a 50 day moving average of $384.70 and a two-hundred day moving average of $387.99. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $491.98.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.47 earnings per share. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the sale, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ULTA. B. Riley dropped their target price on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Piper Sandler reiterated a "neutral" rating and issued a $437.00 price objective (up previously from $386.00) on shares of Ulta Beauty in a research note on Friday. The Goldman Sachs Group upgraded shares of Ulta Beauty from a "neutral" rating to a "buy" rating and increased their target price for the stock from $384.00 to $423.00 in a research report on Tuesday, April 1st. Stifel Nicolaus lowered their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Finally, Barclays cut their price objective on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $454.04.

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.