Ossiam Has $11.08 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Ossiam raised its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1,214.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,477 shares of the specialty retailer’s stock after purchasing an additional 23,539 shares during the quarter. Ossiam owned 0.05% of Ulta Beauty worth $11,081,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ULTA. Geode Capital Management LLC raised its holdings in Ulta Beauty by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer’s stock valued at $520,587,000 after buying an additional 11,205 shares during the last quarter. Capital World Investors acquired a new position in Ulta Beauty in the 4th quarter valued at approximately $430,674,000. Norges Bank bought a new position in shares of Ulta Beauty during the fourth quarter valued at $239,432,000. Dimensional Fund Advisors LP lifted its holdings in shares of Ulta Beauty by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 466,584 shares of the specialty retailer’s stock worth $202,936,000 after purchasing an additional 12,158 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of Ulta Beauty by 10,336.7% in the fourth quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer’s stock worth $199,681,000 after purchasing an additional 454,711 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 2.3 %

Ulta Beauty stock opened at $357.75 on Friday. The firm’s fifty day moving average price is $357.16 and its two-hundred day moving average price is $382.26. The firm has a market capitalization of $16.21 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $460.00.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results 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. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $8.08 EPS. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Insider Transactions at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. The trade was a 10.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several analyst reports. Bank of America lowered their target price on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company 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 research report on Friday, March 14th. Stifel Nicolaus reduced their target price on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a report on Friday, March 14th. Oppenheimer raised their price target 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. Finally, DA Davidson reaffirmed a “buy” rating and issued a $415.00 price objective on shares of Ulta Beauty in a research note on Wednesday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and an average price target of $427.61.

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.