Groupama Asset Managment Purchases 1,034 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Groupama Asset Managment lifted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 92.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,157 shares of the specialty retailer’s stock after purchasing an additional 1,034 shares during the quarter. Groupama Asset Managment’s holdings in Ulta Beauty were worth $939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ULTA. Norges Bank acquired a new stake in shares of Ulta Beauty during the 4th quarter valued at about $239,432,000. Proficio Capital Partners LLC acquired a new stake in Ulta Beauty in the 4th quarter valued at $58,074,000. Victory Capital Management Inc. grew its position in Ulta Beauty by 364.6% in the fourth quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock valued at $69,177,000 after acquiring an additional 124,822 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Ulta Beauty by 258.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock valued at $54,884,000 after acquiring an additional 90,972 shares during the period. Finally, Edge Capital Group LLC acquired a new stake in shares of Ulta Beauty in the 4th quarter valued at $33,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $382.51 on Thursday. The business has a 50-day moving average of $371.22 and a two-hundred day moving average of $386.30. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $474.12. The company has a market capitalization of $17.74 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. The company had revenue of $3.49 billion during 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 firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.08 earnings per share. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Stifel Nicolaus cut their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a report on Friday, March 14th. Telsey Advisory Group restated an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a report on Monday, March 10th. BMO Capital Markets cut their price target on Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a report on Friday, March 14th. Morgan Stanley decreased their price objective on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Finally, Citigroup dropped their target price on shares of Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $427.61.

Insider Activity

In related news, insider Jodi J. Caro sold 902 shares of Ulta Beauty 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

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.