6,263 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Purchased by Interval Partners LP

Interval Partners LP acquired a new position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,263 shares of the specialty retailer's stock, valued at approximately $2,724,000.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Ulta Beauty by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer's stock valued at $520,587,000 after acquiring an additional 11,205 shares during the last quarter. Capital World Investors purchased a new position in shares of Ulta Beauty in the 4th quarter worth about $430,674,000. Deutsche Bank AG boosted its holdings in shares of Ulta Beauty by 1.4% in the 4th quarter. Deutsche Bank AG now owns 655,561 shares of the specialty retailer's stock worth $285,123,000 after purchasing an additional 9,291 shares in the last quarter. Northern Trust Corp increased its position in shares of Ulta Beauty by 14.7% during the 4th quarter. Northern Trust Corp now owns 562,155 shares of the specialty retailer's stock valued at $244,498,000 after purchasing an additional 72,004 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Ulta Beauty during the 4th quarter valued at about $239,432,000. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Up 0.1%

Shares of ULTA traded up $0.36 during trading hours on Thursday, reaching $411.74. 464,317 shares of the company traded hands, compared to its average volume of 1,050,923. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $460.00. The company's fifty day moving average price is $367.96 and its two-hundred day moving average price is $385.00. The company has a market capitalization of $18.59 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06.

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, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the previous year, the firm posted $8.08 EPS. The business's revenue was down 1.9% on a year-over-year basis. On average, analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the company's 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 sale, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ULTA shares. The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and upped their target price for the stock from $384.00 to $423.00 in a research note on Tuesday, April 1st. JPMorgan Chase & Co. cut their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Truist Financial increased their target price on shares of Ulta Beauty from $364.00 to $386.00 and gave the company a "neutral" rating in a report on Thursday. Citigroup lowered their price target on shares of Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, DA Davidson restated a "buy" rating and set a $415.00 price target on shares of Ulta Beauty in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Ulta Beauty presently has an average rating of "Hold" and an average price target of $426.08.

Ulta Beauty Company 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.