Fairtree Asset Management Pty Ltd Acquires New Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Fairtree Asset Management Pty Ltd acquired a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,536 shares of the specialty retailer's stock, valued at approximately $668,000.

Other large investors also recently modified their holdings of the company. Cornerstone Investment Partners LLC grew its position in Ulta Beauty by 3.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock valued at $289,000 after purchasing an additional 25 shares during the period. RWA Wealth Partners LLC grew its position in Ulta Beauty by 1.5% in the 4th 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 during the period. Lido Advisors LLC grew its position in Ulta Beauty by 5.0% in the 4th quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock valued at $272,000 after purchasing an additional 30 shares during the period. Colonial Trust Co SC grew its position in Ulta Beauty by 36.9% in the 4th quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock valued at $50,000 after purchasing an additional 31 shares during the period. Finally, Stonegate Investment Group LLC grew its position in Ulta Beauty by 0.5% in the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock valued at $2,881,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ULTA shares. Canaccord Genuity Group lifted their price target on shares of Ulta Beauty from $510.00 to $542.00 and gave the company a "buy" rating in a research report on Friday. Bank of America reduced their price target on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. UBS Group raised their price objective on Ulta Beauty from $490.00 to $525.00 and gave the company a "buy" rating in a research note on Friday. Oppenheimer increased their target price on shares of Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a report on Friday. Finally, Telsey Advisory Group raised their price target on shares of Ulta Beauty from $460.00 to $520.00 and gave the company an "outperform" rating in a research report on Friday. One research 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $454.04.

Insider Activity at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the transaction, the insider now owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is owned by corporate insiders.

Ulta Beauty Price Performance

Shares of ULTA traded up $47.92 during trading hours on Friday, hitting $469.71. The company's stock had a trading volume of 4,593,456 shares, compared to its average volume of 1,061,241. The company has a market cap of $21.21 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 0.89 and a beta of 1.06. The business has a 50 day simple moving average of $382.73 and a two-hundred day simple moving average of $387.37. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $491.32.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, topping the consensus estimate of $5.73 by $0.97. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $6.47 earnings per share. Research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share 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.