Uniting Wealth Partners LLC Acquires Shares of 1,000 Ulta Beauty, Inc. (NASDAQ:ULTA)

Uniting Wealth Partners LLC bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,000 shares of the specialty retailer’s stock, valued at approximately $435,000.

A number of other institutional investors have also recently modified their holdings of ULTA. Prestige Wealth Management Group LLC raised its holdings in Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 34 shares during the period. Sunbelt Securities Inc. increased its position in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 45 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 50 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Ulta Beauty during the 4th quarter valued at approximately $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in Ulta Beauty in the 4th quarter valued at $43,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction 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 sale, the insider now directly owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. The trade was a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ULTA. Wells Fargo & Company reduced their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating for the company in a research report on Friday, March 14th. JPMorgan Chase & Co. reduced their price target on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. TD Cowen raised their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. UBS Group boosted their price objective on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Oppenheimer raised their target price on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $427.61.

Ulta Beauty Stock Up 2.3 %

ULTA stock opened at $382.51 on Thursday. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $474.12. The stock has a market cap of $17.74 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The business has a fifty day moving average of $371.22 and a two-hundred day moving average of $386.30.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the company earned $8.08 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.