Ulta Beauty, Inc. (NASDAQ:ULTA) is Zuckerman Investment Group LLC’s 3rd Largest Position

Zuckerman Investment Group LLC grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 110,211 shares of the specialty retailer’s stock after acquiring an additional 10,744 shares during the quarter. Ulta Beauty accounts for approximately 4.4% of Zuckerman Investment Group LLC’s holdings, making the stock its 3rd largest holding. Zuckerman Investment Group LLC owned 0.24% of Ulta Beauty worth $44,982,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in Ulta Beauty by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer’s stock worth $520,587,000 after buying an additional 11,205 shares in the last quarter. Norges Bank acquired a new stake in Ulta Beauty in the fourth quarter valued at approximately $239,432,000. Amundi boosted its holdings in Ulta Beauty by 19.7% in the fourth quarter. Amundi now owns 450,239 shares of the specialty retailer’s stock valued at $186,912,000 after purchasing an additional 74,013 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Ulta Beauty by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,938 shares of the specialty retailer’s stock worth $139,151,000 after acquiring an additional 12,273 shares during the last quarter. Finally, Summitry LLC raised its stake in shares of Ulta Beauty by 2.4% during the fourth quarter. Summitry LLC now owns 216,671 shares of the specialty retailer’s stock worth $94,237,000 after purchasing an additional 5,137 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. Barclays lowered their target price on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. DA Davidson reduced their target price on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Citigroup dropped their price objective on shares of Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $427.61.

Ulta Beauty Price Performance

Shares of ULTA opened at $363.19 on Thursday. The stock has a 50 day simple moving average of $362.15 and a two-hundred day simple moving average of $384.07. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00. The firm has a market cap of $16.46 billion, a P/E ratio of 14.53, a P/E/G ratio of 0.89 and a beta of 1.16.

Ulta Beauty (NASDAQ:ULTA) last released 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. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the business posted $8.08 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Jodi J. Caro sold 902 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were 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 of the company’s stock, valued at approximately $2,817,429.12. This trade represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by insiders.

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.