Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Teza Capital Management LLC

Teza Capital Management LLC raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 103.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,876 shares of the specialty retailer's stock after purchasing an additional 1,465 shares during the quarter. Teza Capital Management LLC's holdings in Ulta Beauty were worth $1,251,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Cornerstone Investment Partners LLC increased its stake in Ulta Beauty by 3.9% in the fourth 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 increased its stake in shares of Ulta Beauty by 1.5% during the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock worth $812,000 after acquiring an additional 28 shares during the period. Lido Advisors LLC increased its stake in shares of Ulta Beauty by 5.0% during the fourth quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock worth $272,000 after acquiring an additional 30 shares during the period. Colonial Trust Co SC increased its stake 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 worth $50,000 after acquiring an additional 31 shares during the period. Finally, Stonegate Investment Group LLC increased its stake in shares of Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock worth $2,881,000 after acquiring an additional 34 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jodi J. Caro sold 902 shares of the stock in a transaction on 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 of the company's stock, valued at $2,817,429.12. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of research analyst reports. B. Riley decreased their price objective on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. DA Davidson reissued a "buy" rating and set a $415.00 price objective on shares of Ulta Beauty in a report on Wednesday, April 16th. Citigroup raised shares of Ulta Beauty from a "neutral" rating to a "positive" rating in a report on Wednesday, May 14th. Truist Financial boosted their price objective on shares of Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Finally, Argus downgraded shares of Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $424.00.

Ulta Beauty Price Performance

NASDAQ:ULTA traded down $9.65 during trading hours on Wednesday, reaching $404.75. 751,065 shares of the company were exchanged, compared to its average volume of 1,052,363. The firm has a market cap of $18.27 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $460.00. The stock has a 50 day simple moving average of $375.08 and a 200 day simple moving average of $386.19.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty's revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $8.08 earnings per share. On average, analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal 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.