Zurich Insurance Group Ltd FI Takes Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Zurich Insurance Group Ltd FI acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 83,794 shares of the specialty retailer’s stock, valued at approximately $36,445,000.

Other institutional investors have also modified their holdings of the company. Prestige Wealth Management Group LLC lifted its stake in shares of Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 34 shares during the last quarter. Edge Capital Group LLC bought a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $33,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $43,000. Colonial Trust Co SC lifted its stake in shares of Ulta Beauty by 36.9% during the 4th quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer’s stock worth $50,000 after acquiring an additional 31 shares during the last quarter. Finally, Trust Co. of Vermont lifted its stake in shares of Ulta Beauty by 60.0% during the 4th quarter. Trust Co. of Vermont now owns 144 shares of the specialty retailer’s stock worth $63,000 after acquiring an additional 54 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the sale, the insider now owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $410.09 on Tuesday. The stock has a market capitalization of $18.51 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $460.00. The business has a fifty day moving average price of $372.13 and a 200-day moving average price of $385.86.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ULTA. 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. decreased their price target on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Stifel Nicolaus decreased their price target on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a research note on Friday, March 14th. DA Davidson reissued a “buy” rating and set a $415.00 price target on shares of Ulta Beauty in a research note on Wednesday, April 16th. Finally, Barclays reduced their price objective on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $426.08.

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.