Canada Pension Plan Investment Board increased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 32.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,137 shares of the specialty retailer's stock after acquiring an additional 8,937 shares during the quarter. Canada Pension Plan Investment Board owned about 0.08% of Ulta Beauty worth $15,717,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in ULTA. Prestige Wealth Management Group LLC increased its position in shares of Ulta Beauty by 121.4% in 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 during the period. Westside Investment Management Inc. lifted its holdings in shares of Ulta Beauty by 151.5% during the 3rd 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 period. Edge Capital Group LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $33,000. Future Financial Wealth Managment LLC bought a new position in Ulta Beauty in the fourth quarter valued at approximately $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Ulta Beauty during the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 90.39% of the company's stock.
Insider Activity
In other news, insider Jodi J. Caro sold 902 shares of the stock in a transaction that occurred 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 directly owns 7,632 shares of the company's stock, valued at $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 available at the SEC website. Insiders own 0.39% of the company's stock.
Ulta Beauty Price Performance
Shares of NASDAQ:ULTA traded down $2.26 during mid-day trading on Friday, hitting $383.67. The company had a trading volume of 594,332 shares, compared to its average volume of 1,053,940. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00. The firm has a fifty day moving average price of $358.34 and a 200 day moving average price of $382.46. The company has a market capitalization of $17.38 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share 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 for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the business earned $8.08 earnings per share. The business's quarterly revenue was down 1.9% compared to the same quarter last year. Research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Telsey Advisory Group reissued an "outperform" rating and set a $500.00 price target on shares of Ulta Beauty in a report on Monday, March 10th. Canaccord Genuity Group lowered their target price on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a research note on Friday, March 14th. B. Riley reduced their price target 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. Citigroup lowered their price objective on shares of Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, Oppenheimer raised their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $427.61.
Read Our Latest Stock Analysis on ULTA
About Ulta Beauty
(
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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