Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 166.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,947 shares of the specialty retailer’s stock after acquiring an additional 1,840 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Ulta Beauty were worth $1,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prestige Wealth Management Group LLC increased its position 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. Sunbelt Securities Inc. grew its stake in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 45 shares during the last quarter. Westside Investment Management Inc. increased its position in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 50 shares during the period. Edge Capital Group LLC purchased a new stake in Ulta Beauty in the fourth quarter valued at approximately $33,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at approximately $43,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. DA Davidson reduced their price target on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a research report on Friday, March 14th. TD Cowen increased their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Citigroup dropped their price target on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Oppenheimer upped their price objective on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley lowered their target price on Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $427.61.

Ulta Beauty Price Performance

ULTA opened at $359.36 on Monday. The stock’s 50 day simple moving average is $369.03 and its 200 day simple moving average is $385.77. The stock has a market cap of $16.28 billion, a P/E ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $460.00.

Ulta Beauty (NASDAQ:ULTA) last posted 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 analyst estimates of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.08 earnings per share. Research 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 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 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 trade represents a 10.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is currently owned by insiders.

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.