Aware Super Pty Ltd as trustee of Aware Super Buys Shares of 20,764 Ulta Beauty, Inc. (NASDAQ:ULTA)

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Ulta Beauty, Inc. (NASDAQ:ULTA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,764 shares of the specialty retailer’s stock, valued at approximately $9,031,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in Ulta Beauty by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer’s stock worth $520,587,000 after purchasing an additional 11,205 shares in the last quarter. Norges Bank purchased a new stake in Ulta Beauty during the fourth quarter valued at approximately $239,432,000. Amundi lifted its position in Ulta Beauty by 19.7% during the fourth quarter. Amundi now owns 450,239 shares of the specialty retailer’s stock valued at $186,912,000 after acquiring an additional 74,013 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 valued at $139,151,000 after acquiring an additional 12,273 shares in the last quarter. 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 last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the sale, the insider now directly owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. This trade represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.39% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on ULTA shares. Stifel Nicolaus decreased their price objective on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a report on Friday, March 14th. Canaccord Genuity Group decreased their price target on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. lowered their price target on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Oppenheimer upped their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, TD Cowen increased their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $427.61.

Ulta Beauty Trading Up 1.3 %

Ulta Beauty stock opened at $366.25 on Tuesday. The firm has a market cap of $16.59 billion, a PE ratio of 14.66, a P/E/G ratio of 0.89 and a beta of 1.16. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $460.00. The stock’s 50 day simple moving average is $359.24 and its two-hundred day simple moving average is $383.03.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS 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 net margin of 10.58% and a return on equity of 51.95%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the business earned $8.08 earnings per share. On average, equities research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.