Quinn Opportunity Partners LLC Invests $652,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

Quinn Opportunity Partners LLC bought a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,500 shares of the specialty retailer’s stock, valued at approximately $652,000.

Several other large investors have also added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in shares of 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 position in shares of Ulta Beauty during the 4th quarter valued at $239,432,000. Amundi boosted its stake in Ulta Beauty by 19.7% during the fourth quarter. Amundi now owns 450,239 shares of the specialty retailer’s stock worth $186,912,000 after acquiring an additional 74,013 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Ulta Beauty by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,938 shares of the specialty retailer’s stock worth $139,151,000 after purchasing an additional 12,273 shares during the period. Finally, Summitry LLC grew its holdings in Ulta Beauty by 2.4% in 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 period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity

In other news, insider Jodi J. Caro sold 902 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 7,632 shares of the company’s stock, valued at $2,817,429.12. This represents a 10.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.39% of the company’s stock.

Ulta Beauty Stock Up 1.8 %

Ulta Beauty stock opened at $361.46 on Friday. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $460.00. The company’s 50 day moving average price is $360.13 and its two-hundred day moving average price is $383.45. The stock has a market cap of $16.38 billion, a P/E ratio of 14.46, a P/E/G ratio of 0.89 and a beta of 1.16.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating 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 company 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 business posted $8.08 earnings per share. Ulta Beauty’s revenue was down 1.9% on a year-over-year basis. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Analyst Ratings Changes

ULTA has been the topic of a number of research analyst reports. TD Cowen increased their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Piper Sandler cut their price target on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Morgan Stanley reduced their price objective on Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Wells Fargo & Company lowered their target price on Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. Finally, The Goldman Sachs Group raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and lifted their price target for the company from $384.00 to $423.00 in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $427.61.

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.