Susquehanna Fundamental Investments LLC Purchases New Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 51,390 shares of the specialty retailer's stock, valued at approximately $22,351,000. Susquehanna Fundamental Investments LLC owned approximately 0.11% of Ulta Beauty at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Prestige Wealth Management Group LLC lifted its stake in shares of Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 34 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Edge Capital Group LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $33,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Price Performance

NASDAQ:ULTA traded down $2.32 during midday trading on Thursday, reaching $393.32. The stock had a trading volume of 212,455 shares, compared to its average volume of 1,050,585. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $460.00. The firm's fifty day simple moving average is $360.02 and its 200-day simple moving average is $383.04. The stock has a market capitalization of $17.76 billion, a P/E ratio of 15.72, a PEG ratio of 0.89 and a beta of 1.16.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly 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. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business's quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the business posted $8.08 EPS. On average, equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jodi J. Caro sold 902 shares of Ulta Beauty 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 sale, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. The trade was a 10.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of analyst reports. Canaccord Genuity Group dropped their target price on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. B. Riley dropped their target price on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Morgan Stanley lowered their price objective on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a report on Friday, March 14th. Argus lowered Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Finally, BMO Capital Markets lowered their price objective on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $427.17.

Ulta Beauty 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.