Penserra Capital Management LLC purchased a new position in Ulta Beauty Inc (NASDAQ:ULTA) during the first quarter, Holdings Channel reports. The fund purchased 40,377 shares of the specialty retailer’s stock, valued at approximately $14,090,000. Ulta Beauty accounts for 1.1% of Penserra Capital Management LLC’s portfolio, making the stock its 25th largest position.

Other hedge funds have also modified their holdings of the company. Rational Advisors LLC raised its holdings in Ulta Beauty by 1,247.7% during the 4th quarter. Rational Advisors LLC now owns 5,000 shares of the specialty retailer’s stock valued at $1,224,000 after acquiring an additional 4,629 shares during the period. Hendershot Investments Inc. grew its position in shares of Ulta Beauty by 63.8% during the 4th quarter. Hendershot Investments Inc. now owns 12,244 shares of the specialty retailer’s stock valued at $2,998,000 after purchasing an additional 4,769 shares in the last quarter. Sigma Investment Counselors Inc. grew its position in shares of Ulta Beauty by 0.5% during the 4th quarter. Sigma Investment Counselors Inc. now owns 10,626 shares of the specialty retailer’s stock valued at $2,602,000 after purchasing an additional 52 shares in the last quarter. Telemus Capital LLC grew its position in shares of Ulta Beauty by 4.8% during the 4th quarter. Telemus Capital LLC now owns 1,462 shares of the specialty retailer’s stock valued at $358,000 after purchasing an additional 67 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. grew its position in shares of Ulta Beauty by 4.5% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 4,924 shares of the specialty retailer’s stock valued at $1,206,000 after purchasing an additional 211 shares in the last quarter. 92.55% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:ULTA traded down $2.75 during midday trading on Wednesday, hitting $350.41. The company had a trading volume of 2,589 shares, compared to its average volume of 741,016. Ulta Beauty Inc has a 52-week low of $224.43 and a 52-week high of $359.69. The firm has a market capitalization of $20.63 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.56 by $0.05. Ulta Beauty had a net margin of 9.80% and a return on equity of 36.09%. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the business earned $2.75 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts predict that Ulta Beauty Inc will post 12.79 earnings per share for the current fiscal year.

In other Ulta Beauty news, insider David C. Kimbell sold 15,452 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $333.50, for a total transaction of $5,153,242.00. Following the completion of the sale, the insider now directly owns 13,716 shares in the company, valued at $4,574,286. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey J. Childs sold 9,757 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $333.89, for a total transaction of $3,257,764.73. Following the sale, the insider now owns 13,671 shares of the company’s stock, valued at $4,564,610.19. The disclosure for this sale can be found here. Insiders sold 426,250 shares of company stock valued at $143,394,373 over the last quarter. 5.60% of the stock is owned by company insiders.

A number of research analysts have recently commented on ULTA shares. Oppenheimer boosted their price target on shares of Ulta Beauty to $400.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Loop Capital boosted their price target on shares of Ulta Beauty from $265.00 to $300.00 and gave the company a “hold” rating in a research report on Monday, March 4th. UBS Group boosted their price target on shares of Ulta Beauty from $310.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, March 11th. Nomura restated a “neutral” rating and set a $311.00 price target (up from $305.00) on shares of Ulta Beauty in a research report on Tuesday, February 19th. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 14th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $343.29.

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Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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