Covestor Ltd Takes $75,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Covestor Ltd bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 182 shares of the specialty retailer’s stock, valued at approximately $75,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in Ulta Beauty by 690.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,085,120 shares of the specialty retailer’s stock worth $391,641,000 after acquiring an additional 947,858 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Ulta Beauty by 187.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 640,560 shares of the specialty retailer’s stock worth $231,191,000 after purchasing an additional 417,705 shares during the period. UBS Asset Management Americas Inc. increased its stake in Ulta Beauty by 102.5% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 455,034 shares of the specialty retailer’s stock valued at $164,231,000 after buying an additional 230,320 shares during the period. CastleArk Alternatives LLC acquired a new position in Ulta Beauty in the 3rd quarter valued at $59,185,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Ulta Beauty during the 4th quarter worth $62,344,000. Hedge funds and other institutional investors own 89.20% of the company’s stock.

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

ULTA stock opened at $393.01 on Wednesday. The stock has a 50-day simple moving average of $397.37 and a 200-day simple moving average of $388.13. The firm has a market cap of $20.53 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 2.08 and a beta of 1.54. Ulta Beauty, Inc. has a 1 year low of $312.35 and a 1 year high of $438.63.

Ulta Beauty (NASDAQ:ULTAGet Rating) last released its quarterly earnings results on Thursday, March 10th. The specialty retailer reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.61 by $0.80. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Ulta Beauty had a return on equity of 54.42% and a net margin of 11.42%. Ulta Beauty’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.41 EPS. As a group, research analysts expect that Ulta Beauty, Inc. will post 18.54 EPS for the current fiscal year.

A number of equities research analysts recently commented on ULTA shares. BMO Capital Markets raised their price objective on shares of Ulta Beauty from $365.00 to $385.00 and gave the company a “market perform” rating in a research report on Friday, March 11th. Raymond James cut their price objective on Ulta Beauty from $485.00 to $450.00 and set an “outperform” rating for the company in a research report on Wednesday, January 26th. Piper Sandler decreased their target price on shares of Ulta Beauty from $475.00 to $465.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Ulta Beauty from $512.00 to $522.00 and gave the stock a “buy” rating in a research note on Friday, March 11th. Finally, Credit Suisse Group reissued a “buy” rating and set a $455.00 price target on shares of Ulta Beauty in a research report on Friday, March 11th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $448.86.

About Ulta Beauty (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.

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

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