Machina Capital S.A.S. acquired a new position in shares of Ulta Beauty Inc (NASDAQ:ULTA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,037 shares of the specialty retailer’s stock, valued at approximately $499,000.
Several other hedge funds also recently made changes to their positions in ULTA. Legacy Financial Advisors Inc. boosted its holdings in Ulta Beauty by 1,270.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 137 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 127 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in Ulta Beauty by 74.2% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 162 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 69 shares during the period. Ipswich Investment Management Co. Inc. acquired a new position in Ulta Beauty in the fourth quarter worth $53,000. Claybrook Capital LLC acquired a new position in Ulta Beauty in the fourth quarter worth $62,000. Finally, Executive Wealth Management LLC bought a new stake in Ulta Beauty in the fourth quarter valued at $64,000. Institutional investors and hedge funds own 91.64% of the company’s stock.
ULTA traded up $4.21 during trading on Wednesday, reaching $355.84. The company had a trading volume of 429,711 shares, compared to its average volume of 753,903. The stock has a market capitalization of $20.71 billion, a P/E ratio of 32.80, a P/E/G ratio of 1.49 and a beta of 1.02. Ulta Beauty Inc has a 12-month low of $224.43 and a 12-month high of $359.69.
In other Ulta Beauty news, Director Dennis K. Eck sold 10,000 shares of Ulta Beauty stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $352.83, for a total transaction of $3,528,300.00. Following the transaction, the director now owns 220,000 shares of the company’s stock, valued at approximately $77,622,600. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mary N. Dillon sold 120,949 shares of Ulta Beauty stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $334.42, for a total value of $40,447,764.58. Following the transaction, the chief executive officer now directly owns 87,712 shares in the company, valued at approximately $29,332,647.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 426,250 shares of company stock worth $143,394,373. Company insiders own 5.60% of the company’s stock.
A number of research firms have issued reports on ULTA. Robert W. Baird reiterated an “outperform” rating and issued a $395.00 target price (up from $365.00) on shares of Ulta Beauty in a research note on Thursday, April 18th. Morgan Stanley raised their target price on Ulta Beauty from $355.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Piper Jaffray Companies raised their target price on Ulta Beauty from $362.00 to $378.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. raised their target price on Ulta Beauty from $345.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Nomura lifted their price objective on shares of Ulta Beauty from $311.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Ulta Beauty has an average rating of “Buy” and a consensus price target of $335.30.
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About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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