LRT Capital Management LLC purchased a new position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 765 shares of the specialty retailer's stock, valued at approximately $333,000.
Several other institutional investors also recently added to or reduced their stakes in ULTA. Cornerstone Investment Partners LLC raised its holdings in shares of Ulta Beauty by 3.9% during the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock valued at $289,000 after acquiring an additional 25 shares in the last quarter. RWA Wealth Partners LLC lifted its position in shares of Ulta Beauty by 1.5% in the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock worth $812,000 after purchasing an additional 28 shares during the period. Lido Advisors LLC raised its stake in Ulta Beauty by 5.0% in the fourth quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock worth $272,000 after buying an additional 30 shares in the last quarter. Colonial Trust Co SC lifted its holdings in Ulta Beauty by 36.9% in the fourth quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock worth $50,000 after buying an additional 31 shares during the period. Finally, Stonegate Investment Group LLC lifted its holdings in Ulta Beauty by 0.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock worth $2,881,000 after buying an additional 34 shares during the period. Institutional investors own 90.39% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on ULTA. Canaccord Genuity Group decreased their target price on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Citigroup lowered their price objective on Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Bank of America reduced their target price on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Wells Fargo & Company lifted their price target on shares of Ulta Beauty from $300.00 to $315.00 and gave the company an "underweight" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price objective 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. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $426.08.
Check Out Our Latest Report on ULTA
Ulta Beauty Stock Performance
Shares of ULTA stock traded up $0.36 on Thursday, reaching $411.74. The stock had a trading volume of 464,317 shares, compared to its average volume of 1,050,923. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00. The stock has a market cap of $18.59 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. The company has a 50 day simple moving average of $367.96 and a 200 day simple moving average of $385.00.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping 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 last year, the firm posted $8.08 earnings per share. The business's revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.
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 dated Tuesday, April 1st. The stock was 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 in the company, valued at $2,817,429.12. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.17% of the company's stock.
Ulta Beauty Company 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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