Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Louisbourg Investments Inc.

Louisbourg Investments Inc. lifted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 37.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,777 shares of the specialty retailer's stock after purchasing an additional 2,130 shares during the period. Louisbourg Investments Inc.'s holdings in Ulta Beauty were worth $2,851,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Prestige Wealth Management Group LLC lifted its position in shares of Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 34 shares in the last quarter. American National Bank & Trust acquired a new position in shares of Ulta Beauty during the first quarter worth $29,000. Edge Capital Group LLC acquired a new position in shares of Ulta Beauty during the fourth quarter worth $33,000. North Star Investment Management Corp. lifted its position in shares of Ulta Beauty by 71.4% during the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 40 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Ulta Beauty during the first quarter worth $37,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ULTA. Oppenheimer upped their price target on shares of Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Canaccord Genuity Group upped their price target on shares of Ulta Beauty from $510.00 to $542.00 and gave the company a "buy" rating in a report on Friday, May 30th. Argus cut shares of Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Telsey Advisory Group upped their price target on shares of Ulta Beauty from $460.00 to $520.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Finally, Wells Fargo & Company upped their price target on shares of Ulta Beauty from $315.00 to $350.00 and gave the company an "underweight" rating in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $462.22.

Ulta Beauty Stock Up 2.8%

Shares of ULTA opened at $471.94 on Tuesday. The firm has a 50-day moving average price of $408.25 and a 200 day moving average price of $396.36. The firm has a market capitalization of $21.21 billion, a PE ratio of 18.89, a P/E/G ratio of 0.89 and a beta of 1.09. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week 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, beating analysts' consensus estimates of $5.73 by $0.97. The firm had revenue of $2.85 billion during 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 prior year, the firm posted $6.47 EPS. On average, equities analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Insider Activity 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 transaction, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. This represents a 10.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.17% of the stock is currently owned by insiders.

About Ulta Beauty

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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