Cooper Creek Partners Management LLC Purchases 11,393 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Cooper Creek Partners Management LLC raised its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 15.3% in the fourth quarter, HoldingsChannel reports. The fund owned 85,864 shares of the specialty retailer’s stock after purchasing an additional 11,393 shares during the quarter. Ulta Beauty makes up approximately 1.2% of Cooper Creek Partners Management LLC’s holdings, making the stock its 29th largest holding. Cooper Creek Partners Management LLC’s holdings in Ulta Beauty were worth $37,345,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Investment Partners LLC grew its position in Ulta Beauty by 3.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 25 shares during the period. RWA Wealth Partners LLC lifted its stake in shares of Ulta Beauty by 1.5% in the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer’s stock valued at $812,000 after buying an additional 28 shares in the last quarter. Stonegate Investment Group LLC grew its holdings in shares of 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 buying an additional 34 shares during the last quarter. Resonant Capital Advisors LLC increased its position in shares of Ulta Beauty by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock worth $685,000 after acquiring an additional 34 shares in the last quarter. Finally, Prestige Wealth Management Group LLC raised its holdings in shares of 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 acquiring an additional 34 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of the firm’s stock in a transaction that occurred 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 in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.39% of the company’s stock.

Ulta Beauty Trading Up 1.8 %

Shares of ULTA stock opened at $361.46 on Friday. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $460.00. The stock 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 firm’s 50 day moving average is $360.13 and its 200 day moving average is $383.45.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates 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 period last year, the company earned $8.08 earnings per share. On average, equities analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ULTA shares. JPMorgan Chase & Co. cut their price target on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Bank of America decreased their price target on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Barclays lowered their price target 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. Citigroup cut their price objective on shares of Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, Piper Sandler lowered their target price on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $427.61.

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.