Siemens Fonds Invest GmbH boosted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 1,015.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,851 shares of the specialty retailer's stock after acquiring an additional 10,789 shares during the period. Siemens Fonds Invest GmbH's holdings in Ulta Beauty were worth $5,154,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Ulta Beauty by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer's stock worth $520,587,000 after purchasing an additional 11,205 shares in the last quarter. Capital World Investors bought a new position in Ulta Beauty in the 4th quarter worth $430,674,000. Deutsche Bank AG increased its stake in Ulta Beauty by 1.4% in 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 in the last quarter. Northern Trust Corp increased its stake in Ulta Beauty by 14.7% in the 4th quarter. Northern Trust Corp now owns 562,155 shares of the specialty retailer's stock worth $244,498,000 after buying an additional 72,004 shares in the last quarter. Finally, Norges Bank bought a new stake in Ulta Beauty during the fourth quarter valued at about $239,432,000. Institutional investors own 90.39% of the company's stock.
Ulta Beauty Price Performance
Shares of Ulta Beauty stock traded up $47.92 during trading hours on Friday, reaching $469.71. The company's stock had a trading volume of 4,593,333 shares, compared to its average volume of 1,066,281. The firm has a 50 day moving average price of $382.73 and a 200-day moving average price of $387.37. The stock has a market cap of $21.21 billion, a P/E ratio of 18.80, a P/E/G 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 $491.32.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping the consensus estimate of $5.73 by $0.97. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter last year, the business posted $6.47 earnings per share. The firm's revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.
Insider Transactions at Ulta Beauty
In related news, insider Jodi J. Caro sold 902 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the sale, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. This represents a 10.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.17% of the company's stock.
Wall Street Analyst Weigh In
ULTA has been the subject of a number of recent analyst reports. B. Riley dropped their price objective on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Evercore ISI boosted their price target on Ulta Beauty from $465.00 to $490.00 and gave the stock an "outperform" rating in a report on Friday. Stifel Nicolaus dropped their price target on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a research note on Friday, March 14th. Raymond James reaffirmed an "outperform" rating and set a $500.00 price objective (up from $450.00) on shares of Ulta Beauty in a report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Ulta Beauty from $477.00 to $525.00 and gave the stock an "overweight" rating in a report on Friday. One equities 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. According to MarketBeat, Ulta Beauty currently has an average rating of "Hold" and an average target price of $454.04.
Read Our Latest Analysis on ULTA
Ulta Beauty Company Profile
(
Free Report)
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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