Dynamic Technology Lab Private Ltd Acquires 1,805 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Dynamic Technology Lab Private Ltd boosted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 55.9% during the fourth quarter, Holdings Channel reports. The fund owned 5,033 shares of the specialty retailer’s stock after purchasing an additional 1,805 shares during the period. Ulta Beauty makes up 0.4% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 23rd largest holding. Dynamic Technology Lab Private Ltd’s holdings in Ulta Beauty were worth $2,189,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Resona Asset Management Co. Ltd. acquired a new stake in shares of Ulta Beauty during the 4th quarter worth about $6,494,000. Uniting Wealth Partners LLC bought a new position in Ulta Beauty in the 4th quarter valued at about $435,000. Motley Fool Asset Management LLC lifted its position in Ulta Beauty by 13.8% during the fourth quarter. Motley Fool Asset Management LLC now owns 1,058 shares of the specialty retailer’s stock worth $460,000 after acquiring an additional 128 shares during the last quarter. World Investment Advisors boosted its holdings in shares of Ulta Beauty by 329.7% during the fourth quarter. World Investment Advisors now owns 2,342 shares of the specialty retailer’s stock worth $1,019,000 after acquiring an additional 1,797 shares during the period. Finally, Groupama Asset Managment grew its position in shares of Ulta Beauty by 92.1% in the fourth quarter. Groupama Asset Managment now owns 2,157 shares of the specialty retailer’s stock valued at $939,000 after purchasing an additional 1,034 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Down 2.3 %

Shares of ULTA stock opened at $359.36 on Friday. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $460.00. The stock’s fifty day simple moving average is $369.03 and its 200 day simple moving average is $385.97. The firm has a market capitalization of $16.66 billion, a P/E ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last announced 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 firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm posted $8.08 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ULTA shares. Bank of America dropped 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. Loop Capital lifted their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Oppenheimer upped their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. BMO Capital Markets dropped their price objective on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a research note on Friday, March 14th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and an average price target of $427.61.

Insider Activity

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the company’s stock in a transaction dated 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 owns 7,632 shares in the company, valued at approximately $2,817,429.12. The trade was a 10.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.39% of the company’s stock.

Ulta Beauty 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.