Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC boosted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,706 shares of the specialty retailer’s stock after purchasing an additional 132 shares during the period. United Capital Financial Advisors LLC’s holdings in Ulta Beauty were worth $742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Ulta Beauty in the 4th quarter valued at about $239,432,000. Proficio Capital Partners LLC purchased a new position in Ulta Beauty during the fourth quarter valued at approximately $58,074,000. Victory Capital Management Inc. lifted its holdings in Ulta Beauty by 364.6% in the fourth quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock valued at $69,177,000 after acquiring an additional 124,822 shares during the period. Assenagon Asset Management S.A. boosted its position in Ulta Beauty by 258.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after purchasing an additional 90,972 shares in the last quarter. Finally, Edge Capital Group LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $33,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ULTA shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a research note on Monday, March 10th. B. Riley lowered their target price 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. Argus cut Ulta Beauty from a “buy” rating to a “hold” rating in a report on Monday, April 14th. BMO Capital Markets lowered their price target on Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a research report on Friday, March 14th. Finally, Citigroup reduced their target price on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and an average price target of $427.61.

Ulta Beauty Stock Up 2.3 %

Shares of ULTA opened at $357.75 on Friday. The stock has a fifty day simple moving average of $357.16 and a two-hundred day simple moving average of $382.32. The company has a market capitalization of $16.21 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $460.00.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data 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 firm had revenue of $3.49 billion during 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%. Ulta Beauty’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $8.08 earnings per share. As a group, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jodi J. Caro sold 902 shares of the 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 completion of the transaction, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. This represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.39% of the company’s stock.

Ulta Beauty Company 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.