Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH raised its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 1,015.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,851 shares of the specialty retailer’s stock after purchasing an additional 10,789 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Ulta Beauty were worth $5,154,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in Ulta Beauty by 28.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 37 shares during the period. Savant Capital LLC raised its holdings in shares of Ulta Beauty by 199.5% in the 4th quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer’s stock worth $2,021,000 after purchasing an additional 3,095 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Ulta Beauty by 7.8% during the fourth quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer’s stock valued at $1,663,000 after purchasing an additional 288 shares during the last quarter. Buckhead Capital Management LLC lifted its stake in Ulta Beauty by 15.6% during the fourth quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer’s stock valued at $5,257,000 after purchasing an additional 1,633 shares during the last quarter. Finally, Brookstone Capital Management acquired a new position in Ulta Beauty in the fourth quarter worth approximately $348,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Ulta Beauty from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Wednesday. Morgan Stanley cut their price objective on Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Piper Sandler decreased 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. Canaccord Genuity Group cut their price target on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $426.08.

Insider Buying and Selling at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $411.74 on Friday. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $460.00. The stock’s 50 day simple moving average is $369.11 and its 200 day simple moving average is $385.22. The company has a market capitalization of $18.59 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping the consensus estimate of $7.13 by $1.33. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $8.08 EPS. On average, analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal 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.