Quantinno Capital Management LP Boosts Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Quantinno Capital Management LP increased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 14.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,802 shares of the specialty retailer's stock after purchasing an additional 1,449 shares during the period. Quantinno Capital Management LP's holdings in Ulta Beauty were worth $5,133,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ULTA. Cornerstone Investment Partners LLC grew its stake in Ulta Beauty by 3.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock worth $289,000 after buying an additional 25 shares in the last quarter. RWA Wealth Partners LLC grew its position in Ulta Beauty by 1.5% in 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 in the last quarter. Lido Advisors LLC increased its stake in Ulta Beauty by 5.0% in the fourth quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock valued at $272,000 after acquiring an additional 30 shares during the last quarter. Colonial Trust Co SC raised its position in Ulta Beauty by 36.9% during the fourth 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 in the last quarter. Finally, Stonegate Investment Group LLC lifted its stake in 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 purchasing an additional 34 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA traded down $9.65 during midday trading on Wednesday, reaching $404.75. The stock had a trading volume of 751,065 shares, compared to its average volume of 1,051,919. The firm has a market cap of $18.27 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $460.00. The company's 50 day moving average price is $374.13 and its 200 day moving average price is $386.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the prior year, the business earned $8.08 earnings per share. Ulta Beauty's revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ULTA shares. The Goldman Sachs Group upgraded Ulta Beauty from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $384.00 to $423.00 in a report on Tuesday, April 1st. Barclays dropped their target price on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Canaccord Genuity Group dropped their price target on shares of Ulta Beauty from $538.00 to $526.00 and set a "buy" rating on the stock in a report on Friday, March 14th. DA Davidson reiterated a "buy" rating and issued a $415.00 price target on shares of Ulta Beauty in a research report on Wednesday, April 16th. Finally, Oppenheimer increased their target price on Ulta Beauty from $435.00 to $465.00 and gave the stock an "outperform" rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Ulta Beauty currently has an average rating of "Hold" and an average price target of $424.00.

Insider Activity at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was 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 directly owns 7,632 shares in the company, valued at $2,817,429.12. This represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.39% of the stock is owned by corporate 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.