We Are One Seven LLC Boosts Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

We Are One Seven LLC lifted its stake in Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 12.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,503 shares of the specialty retailer’s stock after purchasing an additional 167 shares during the period. We Are One Seven LLC’s holdings in Ulta Beauty were worth $620,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ULTA. MUFG Americas Holdings Corp increased its stake in shares of Ulta Beauty by 536.4% in the 3rd quarter. MUFG Americas Holdings Corp now owns 70 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter worth $25,000. North Star Investment Management Corp. purchased a new stake in shares of Ulta Beauty in the 4th quarter worth $27,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Ulta Beauty by 525.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 75 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 63 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC bought a new position in Ulta Beauty in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 89.20% of the company’s stock.

Shares of NASDAQ ULTA opened at $408.64 on Thursday. The firm’s 50-day moving average price is $394.23 and its 200-day moving average price is $387.05. The stock has a market capitalization of $21.34 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 2.13 and a beta of 1.54. Ulta Beauty, Inc. has a 12-month low of $299.77 and a 12-month high of $438.63.

Ulta Beauty (NASDAQ:ULTAGet Rating) last posted its quarterly earnings data on Thursday, March 10th. The specialty retailer reported $5.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.56 by $0.85. Ulta Beauty had a net margin of 11.42% and a return on equity of 54.42%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the company posted $3.41 EPS. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. On average, equities analysts forecast that Ulta Beauty, Inc. will post 18.54 EPS for the current fiscal year.

In related news, insider Jodi J. Caro sold 5,340 shares of the stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $384.54, for a total value of $2,053,443.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.10% of the company’s stock.

ULTA has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $450.00 target price for the company in a report on Wednesday, April 20th. Piper Sandler dropped their target price on shares of Ulta Beauty from $475.00 to $465.00 and set an “overweight” rating for the company in a report on Tuesday, April 19th. Credit Suisse Group reaffirmed a “buy” rating and issued a $455.00 target price on shares of Ulta Beauty in a report on Friday, March 11th. DA Davidson dropped their target price on shares of Ulta Beauty from $500.00 to $450.00 in a report on Friday, March 11th. Finally, Barclays upped their target price on shares of Ulta Beauty from $440.00 to $469.00 and gave the stock an “overweight” rating in a report on Monday, March 14th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Ulta Beauty presently has an average rating of “Buy” and an average price target of $448.86.

Ulta Beauty Company Profile (Get Rating)

Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.

Further Reading

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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