Global Assets Advisory LLC Invests $519,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

Global Assets Advisory LLC purchased a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,209 shares of the specialty retailer's stock, valued at approximately $519,000.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of Ulta Beauty by 28.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock valued at $72,000 after acquiring an additional 37 shares during the last quarter. Savant Capital LLC grew its stake 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 in the last quarter. Sanctuary Advisors LLC increased its holdings 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 raised its position in shares of Ulta Beauty by 15.6% during the 4th quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer's stock valued at $5,257,000 after buying an additional 1,633 shares in the last quarter. Finally, Brookstone Capital Management purchased a new stake in shares of Ulta Beauty during the 4th quarter valued at about $348,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction that occurred 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 directly owns 7,632 shares in the company, valued at $2,817,429.12. This trade represents a 10.57 % decrease in their position. The transaction 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 Price Performance

Shares of NASDAQ ULTA opened at $393.17 on Friday. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $460.00. The business has a fifty day moving average price of $364.49 and a 200 day moving average price of $384.12. The stock has a market capitalization of $17.75 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating analysts' consensus estimates of $7.13 by $1.33. The business had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company's revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $8.08 EPS. As a group, equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ULTA. Wells Fargo & Company reduced their price objective on Ulta Beauty from $310.00 to $300.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. BMO Capital Markets lowered their price target on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a research report on Friday, March 14th. Bank of America dropped their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. reduced their target price on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Finally, Canaccord Genuity Group dropped their price target on shares of Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a research note on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $427.17.

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.

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