UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 42,201 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 437,809 shares of the specialty retailer's stock after purchasing an additional 42,201 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.94% of Ulta Beauty worth $190,416,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ULTA. Smartleaf Asset Management LLC grew its position in Ulta Beauty by 28.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock worth $72,000 after acquiring an additional 37 shares during the last quarter. Savant Capital LLC grew its position in shares of Ulta Beauty by 199.5% in the 4th quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock worth $2,021,000 after buying an additional 3,095 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of Ulta Beauty by 7.8% in the 4th quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock worth $1,663,000 after buying an additional 288 shares during the last quarter. Buckhead Capital Management LLC grew its position in shares of Ulta Beauty by 15.6% in the 4th quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer's stock worth $5,257,000 after buying an additional 1,633 shares during the last quarter. Finally, Coerente Capital Management lifted its stake in shares of Ulta Beauty by 18.8% in the 4th quarter. Coerente Capital Management now owns 36,864 shares of the specialty retailer's stock valued at $16,033,000 after purchasing an additional 5,830 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ULTA has been the subject of a number of analyst reports. Bank of America reduced their price objective on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Barclays reduced their target price 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. Wells Fargo & Company lifted their price objective on Ulta Beauty from $300.00 to $315.00 and gave the stock an "underweight" rating in a report on Wednesday, May 14th. Canaccord Genuity Group cut their price objective on Ulta Beauty from $526.00 to $510.00 and set a "buy" rating for the company in a report on Thursday. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $500.00 price objective on shares of Ulta Beauty in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $423.33.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $410.39 on Friday. The stock's 50-day moving average is $376.14 and its two-hundred day moving average is $386.37. The firm has a market cap of $18.53 billion, a price-to-earnings ratio of 16.42, a PEG 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 announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share 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 business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm earned $8.08 earnings per share. The business's quarterly revenue was down 1.9% compared to the same quarter last year. As a group, research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the firm's 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 $2,817,429.12. This trade represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.39% of the company's stock.

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.

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