Itau Unibanco Holding S.A. acquired a new position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,294 shares of the specialty retailer's stock, valued at approximately $3,607,000.
Other large investors also recently bought and sold shares of the company. Virtu Financial LLC lifted its holdings in Ulta Beauty by 50.3% in the 3rd quarter. Virtu Financial LLC now owns 5,086 shares of the specialty retailer's stock valued at $1,979,000 after purchasing an additional 1,702 shares in the last quarter. Westside Investment Management Inc. grew its stake in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Diamant Asset Management Inc. lifted its stake in Ulta Beauty by 2.1% in the 3rd quarter. Diamant Asset Management Inc. now owns 2,920 shares of the specialty retailer's stock worth $1,136,000 after purchasing an additional 60 shares in the last quarter. Rule One Partners LLC acquired a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $2,179,000. Finally, Pine Valley Investments Ltd Liability Co grew its position in shares of Ulta Beauty by 12.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,589 shares of the specialty retailer's stock valued at $3,731,000 after purchasing an additional 1,057 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
Ulta Beauty Trading Up 0.7 %
Shares of NASDAQ ULTA traded up $2.88 during trading hours on Friday, reaching $395.81. The stock had a trading volume of 524,706 shares, compared to its average volume of 1,055,700. The firm has a market cap of $17.87 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $460.00. The firm has a 50-day moving average of $361.20 and a 200-day moving average of $383.45.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating 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 firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm earned $8.08 EPS. Ulta Beauty's revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.
Wall Street Analyst Weigh In
ULTA has been the subject of a number of recent research reports. The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and raised their target price for the stock from $384.00 to $423.00 in a research note on Tuesday, April 1st. B. Riley reduced their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. StockNews.com raised shares of Ulta Beauty from a "sell" rating to a "hold" rating in a research note on Tuesday, January 7th. DA Davidson reaffirmed a "buy" rating and set a $415.00 price target on shares of Ulta Beauty in a research report on Wednesday, April 16th. Finally, Citigroup cut their target price on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Ulta Beauty has an average rating of "Hold" and a consensus target price of $427.17.
Read Our Latest Analysis on ULTA
Insider Transactions at Ulta Beauty
In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.39% of the company's stock.
Ulta Beauty Profile
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Free Report)
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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