Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Empirical Finance LLC

Empirical Finance LLC lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 34.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 956 shares of the specialty retailer’s stock after purchasing an additional 247 shares during the period. Empirical Finance LLC’s holdings in Ulta Beauty were worth $394,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ULTA. Wellington Management Group LLP lifted its position in shares of Ulta Beauty by 690.5% during the third quarter. Wellington Management Group LLP now owns 1,085,120 shares of the specialty retailer’s stock worth $391,641,000 after purchasing an additional 947,858 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Ulta Beauty by 187.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 640,560 shares of the specialty retailer’s stock worth $231,191,000 after acquiring an additional 417,705 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Ulta Beauty by 102.5% in the third quarter. UBS Asset Management Americas Inc. now owns 455,034 shares of the specialty retailer’s stock worth $164,231,000 after acquiring an additional 230,320 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in Ulta Beauty by 221.2% in the third quarter. Los Angeles Capital Management LLC now owns 329,319 shares of the specialty retailer’s stock worth $118,858,000 after acquiring an additional 226,781 shares during the last quarter. Finally, CastleArk Alternatives LLC bought a new position in Ulta Beauty in the third quarter worth about $59,185,000. 88.92% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Ulta Beauty from $512.00 to $522.00 and gave the company a “buy” rating in a research note on Friday, March 11th. Barclays raised their price objective on shares of Ulta Beauty from $440.00 to $469.00 and gave the company an “overweight” rating in a research note on Monday, March 14th. DA Davidson lowered their price objective on shares of Ulta Beauty from $500.00 to $450.00 in a research note on Friday, March 11th. Robert W. Baird lowered their price objective on shares of Ulta Beauty from $480.00 to $450.00 in a research note on Friday, March 11th. Finally, Zacks Investment Research lowered shares of Ulta Beauty from a “strong-buy” rating to a “hold” rating and set a $391.00 price objective on the stock. in a research note on Wednesday, February 2nd. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of “Buy” and a consensus price target of $446.64.

ULTA stock opened at $415.65 on Monday. The business has a 50 day moving average price of $383.35 and a two-hundred day moving average price of $384.36. The company has a market cap of $21.75 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 2.18 and a beta of 1.65. Ulta Beauty, Inc. has a twelve month low of $299.77 and a twelve month high of $422.43.

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

In other Ulta Beauty news, insider Jodi J. Caro sold 5,340 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $384.54, for a total value of $2,053,443.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is owned by company insiders.

Ulta Beauty 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

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

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