566 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Bought by denkapparat Operations GmbH

denkapparat Operations GmbH acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 566 shares of the specialty retailer’s stock, valued at approximately $246,000.

A number of other large investors have also modified their holdings of the company. Cornerstone Investment Partners LLC lifted its position in shares of Ulta Beauty by 3.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock valued at $289,000 after buying an additional 25 shares in the last quarter. Stonegate Investment Group LLC lifted its holdings in Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after purchasing an additional 34 shares in the last quarter. Resonant Capital Advisors LLC grew its position in shares of Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after purchasing an additional 34 shares during the period. Prestige Wealth Management Group LLC increased its stake in shares of Ulta Beauty by 121.4% during the fourth 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 in the last quarter. Finally, Clear Creek Financial Management LLC raised its position in shares of Ulta Beauty by 4.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock worth $362,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Down 2.9 %

Shares of ULTA opened at $359.47 on Friday. The firm has a market cap of $16.67 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The company’s 50-day moving average price is $373.67 and its 200 day moving average price is $386.22. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $529.67.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping 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 firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the business posted $8.08 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Citigroup cut their price objective on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. TD Cowen increased their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. DA Davidson lowered their target price on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Morgan Stanley reduced their target price on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Finally, Wells Fargo & Company lowered their price target on shares of Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $427.13.

About Ulta Beauty

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.