Ulta Beauty, Inc. (NASDAQ:ULTA) Stock Position Increased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina boosted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,255 shares of the specialty retailer’s stock after buying an additional 2,160 shares during the quarter. Treasurer of the State of North Carolina owned 0.07% of Ulta Beauty worth $14,029,000 at the end of the most recent quarter.

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

Ulta Beauty Trading Up 1.8 %

Ulta Beauty stock opened at $361.46 on Friday. The firm has a market capitalization of $16.38 billion, a P/E ratio of 14.46, a PEG ratio of 0.89 and a beta of 1.16. The business has a 50-day moving average of $360.13 and a 200-day moving average of $383.45. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) 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 company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the business earned $8.08 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. Research analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ULTA shares. B. Riley decreased their price objective on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. decreased their target price on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a report on Monday, March 10th. Canaccord Genuity Group reduced their price objective on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Finally, Wells Fargo & Company decreased their price objective on Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating for the company in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $427.61.

Insider Buying and Selling

In related news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the sale, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is currently owned by corporate insiders.

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.