Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC increased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,043 shares of the specialty retailer’s stock after acquiring an additional 42 shares during the period. Sterling Capital Management LLC’s holdings in Ulta Beauty were worth $454,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Prestige Wealth Management Group LLC grew 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 buying an additional 34 shares in the last quarter. Westside Investment Management Inc. boosted its position in 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 acquiring an additional 50 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of Ulta Beauty in the fourth quarter worth $43,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Ulta Beauty during the fourth quarter valued at $43,000. Finally, ORG Partners LLC bought a new stake in shares of Ulta Beauty during the fourth quarter valued at about $57,000. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Up 2.3 %

Shares of Ulta Beauty stock opened at $357.75 on Friday. The stock has a market cap of $16.21 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $460.00. The business has a fifty day simple moving average of $357.16 and a 200-day simple moving average of $382.26.

Ulta Beauty (NASDAQ:ULTA) last released its 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. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.08 EPS. Analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the sale, the insider now owns 7,632 shares of the company’s stock, valued at $2,817,429.12. This trade represents a 10.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ULTA shares. Piper Sandler decreased their target price on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. B. Riley lowered their price objective on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Barclays cut their target price on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a research report on Friday, March 14th. JPMorgan Chase & Co. lowered their price target on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and a consensus target price of $427.61.

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.