Aigen Investment Management LP purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) during the fourth quarter, Holdings Channel reports. The fund purchased 1,224 shares of the specialty retailer’s stock, valued at approximately $741,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac purchased a new position in shares of Ulta Beauty in the 4th quarter worth about $25,000. Strengthening Families & Communities LLC lifted its holdings in Ulta Beauty by 4,200.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 42 shares during the last quarter. Steigerwald Gordon & Koch Inc. lifted its holdings in Ulta Beauty by 2,550.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 53 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 51 shares during the last quarter. Virtus Advisers LLC purchased a new stake in Ulta Beauty during the fourth quarter valued at about $33,000. Finally, Abich Financial Wealth Management LLC purchased a new stake in Ulta Beauty during the third quarter valued at about $31,000. 90.39% of the stock is owned by hedge funds and other institutional investors.
Ulta Beauty Stock Performance
Shares of Ulta Beauty stock opened at $467.74 on Monday. Ulta Beauty Inc. has a 12-month low of $452.05 and a 12-month high of $714.97. The company has a market cap of $20.11 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.46 and a beta of 0.86. The company’s 50-day moving average price is $516.26 and its 200-day moving average price is $583.18.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on ULTA shares. Morgan Stanley dropped their price objective on shares of Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Canaccord Genuity Group dropped their price objective on shares of Ulta Beauty from $799.00 to $731.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Telsey Advisory Group upped their price objective on shares of Ulta Beauty from $640.00 to $715.00 and gave the company an “outperform” rating in a report on Monday, March 9th. B. Riley Financial dropped their price objective on shares of Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating on the stock in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $644.91.
View Our Latest Report on ULTA
Insider Buying and Selling at Ulta Beauty
In related news, Director George R. Mrkonic, Jr. sold 452 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $539.29, for a total value of $243,759.08. Following the transaction, the director directly owned 2,383 shares in the company, valued at approximately $1,285,128.07. This represents a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.
Ulta Beauty Company Profile
Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.
The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.
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