Vident Advisory LLC Has $505,000 Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Vident Advisory LLC raised its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 120.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,160 shares of the specialty retailer's stock after purchasing an additional 634 shares during the quarter. Vident Advisory LLC's holdings in Ulta Beauty were worth $505,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Tidal Investments LLC grew its stake in shares of Ulta Beauty by 34.9% in the 4th quarter. Tidal Investments LLC now owns 3,674 shares of the specialty retailer's stock worth $1,598,000 after purchasing an additional 951 shares during the last quarter. Teza Capital Management LLC boosted its holdings in Ulta Beauty by 103.8% during the fourth quarter. Teza Capital Management LLC now owns 2,876 shares of the specialty retailer's stock worth $1,251,000 after buying an additional 1,465 shares in the last quarter. Tang Capital Management LLC acquired a new position in Ulta Beauty in the fourth quarter worth approximately $1,174,000. Shellback Capital LP acquired a new position in Ulta Beauty in the fourth quarter worth approximately $9,568,000. Finally, Siemens Fonds Invest GmbH increased its holdings in shares of Ulta Beauty by 1,015.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 11,851 shares of the specialty retailer's stock valued at $5,154,000 after buying an additional 10,789 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of Ulta Beauty 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 approximately $2,817,429.12. The trade was a 10.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is currently owned by company insiders.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock traded up $4.78 during trading on Thursday, hitting $421.79. 1,942,966 shares of the stock traded hands, compared to its average volume of 1,052,979. The stock has a market cap of $19.04 billion, a P/E ratio of 16.88, a PEG ratio of 0.89 and a beta of 1.06. The company has a fifty day moving average price of $381.61 and a two-hundred day moving average price of $387.08. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $463.02.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating the consensus estimate of $5.73 by $0.97. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. During the same quarter last year, the firm earned $6.47 EPS. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Argus downgraded Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Canaccord Genuity Group reduced their price objective on shares of Ulta Beauty from $526.00 to $510.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Piper Sandler reiterated a "neutral" rating on shares of Ulta Beauty in a report on Thursday, May 15th. Barclays cut their price target on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Finally, B. Riley reduced their price target on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $424.78.

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.