J. Safra Sarasin Holding AG Purchases New Shares in Ulta Beauty, Inc. (NASDAQ:ULTA)

J. Safra Sarasin Holding AG acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,870 shares of the specialty retailer's stock, valued at approximately $813,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ULTA. Prestige Wealth Management Group LLC increased its holdings in shares of Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 34 shares during the last quarter. Westside Investment Management Inc. boosted its stake in Ulta Beauty by 151.5% in the third 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 during the period. Edge Capital Group LLC bought a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $33,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Ulta Beauty during the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of recent research reports. BMO Capital Markets reduced their price target on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a report 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 for the company in a research note on Friday, March 14th. DA Davidson restated a "buy" rating and issued a $415.00 price target on shares of Ulta Beauty in a research note on Wednesday, April 16th. The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $384.00 to $423.00 in a report on Tuesday, April 1st. Finally, Piper Sandler decreased their target price on shares of Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $427.61.

Ulta Beauty Stock Down 0.2 %

Ulta Beauty stock traded down $0.92 during mid-day trading on Tuesday, reaching $385.53. The company had a trading volume of 161,461 shares, compared to its average volume of 1,051,009. The company has a 50 day moving average of $358.87 and a 200-day moving average of $382.90. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $460.00. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 0.89 and a beta of 1.16.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) 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 firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company posted $8.08 earnings per share. The company's quarterly revenue was down 1.9% compared to the same quarter last year. On average, analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jodi J. Caro sold 902 shares of the stock in a transaction dated 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 sale, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. This trade represents a 10.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.39% of the company's stock.

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.