Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC increased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 65.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,918 shares of the specialty retailer's stock after buying an additional 759 shares during the quarter. NewEdge Advisors LLC's holdings in Ulta Beauty were worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its position in shares of Ulta Beauty by 28.7% in 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 period. Savant Capital LLC grew its stake in Ulta Beauty by 199.5% during the 4th quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock valued at $2,021,000 after purchasing an additional 3,095 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Ulta Beauty by 7.8% in the fourth quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock valued at $1,663,000 after purchasing an additional 288 shares during the period. Buckhead Capital Management LLC raised its stake in shares of Ulta Beauty by 15.6% in the fourth quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer's stock worth $5,257,000 after purchasing an additional 1,633 shares during the last quarter. Finally, Brookstone Capital Management acquired a new stake in shares of Ulta Beauty during the fourth quarter worth about $348,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

ULTA stock traded down $1.22 during trading on Thursday, hitting $394.42. The stock had a trading volume of 98,899 shares, compared to its average volume of 1,050,167. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $460.00. The company's 50-day moving average price is $360.02 and its two-hundred day moving average price is $383.04. The stock has a market capitalization of $17.81 billion, a P/E ratio of 15.77, 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 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 firm had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the previous year, the business earned $8.08 earnings per share. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Ulta Beauty from a "sell" rating to a "hold" rating in a report on Tuesday, January 7th. Wells Fargo & Company lowered their price target on shares of Ulta Beauty from $310.00 to $300.00 and set an "underweight" rating on the stock in a report on Wednesday. BMO Capital Markets reduced their price objective on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a research note on Friday, March 14th. Barclays lowered their target price on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Finally, TD Cowen lifted their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $427.17.

Insider Transactions at Ulta Beauty

In other Ulta Beauty 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 value of $332,982.32. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.39% of the company's stock.

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.