566 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Acquired by denkapparat Operations GmbH

denkapparat Operations GmbH bought a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 566 shares of the specialty retailer’s stock, valued at approximately $246,000.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Ulta Beauty by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock valued at $461,059,000 after acquiring an additional 10,153 shares in the last quarter. Norges Bank bought a new stake in shares of Ulta Beauty in the 4th quarter valued at about $239,432,000. Amundi lifted its position in shares of Ulta Beauty by 19.7% in the 4th quarter. Amundi now owns 450,239 shares of the specialty retailer’s stock worth $186,912,000 after purchasing an additional 74,013 shares during the period. Holocene Advisors LP boosted its stake in shares of Ulta Beauty by 3,246.2% during the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after purchasing an additional 335,914 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Ulta Beauty by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,938 shares of the specialty retailer’s stock valued at $139,151,000 after buying an additional 12,273 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Price Performance

ULTA stock opened at $359.47 on Friday. The company has a market capitalization of $16.67 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $529.67. The firm’s fifty day simple moving average is $373.67 and its 200-day simple moving average is $386.22.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating 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 firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $8.08 earnings per share. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Loop Capital lifted their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Oppenheimer boosted their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. DA Davidson lowered their price target on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, BMO Capital Markets reduced their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $427.13.

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.