Dynamic Technology Lab Private Ltd Has $2.19 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Dynamic Technology Lab Private Ltd boosted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 55.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,033 shares of the specialty retailer’s stock after buying an additional 1,805 shares during the quarter. Ulta Beauty makes up approximately 0.4% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 23rd largest holding. Dynamic Technology Lab Private Ltd’s holdings in Ulta Beauty were worth $2,189,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Investment Partners LLC grew its position in shares of Ulta Beauty by 3.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock worth $289,000 after buying an additional 25 shares during the period. RWA Wealth Partners LLC grew its holdings in Ulta Beauty by 1.5% during the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer’s stock worth $812,000 after acquiring an additional 28 shares during the period. Stonegate Investment Group LLC raised its position in shares of Ulta Beauty by 0.5% during the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after acquiring an additional 34 shares during the last quarter. Resonant Capital Advisors LLC lifted its stake in shares of Ulta Beauty by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after purchasing an additional 34 shares during the period. Finally, 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 period. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on ULTA shares. Citigroup dropped their price objective on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Barclays lowered their price target on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. Loop Capital lifted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. TD Cowen boosted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Stifel Nicolaus cut their target price on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Ulta Beauty has an average rating of “Hold” and an average price target of $427.61.

Insider Activity

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the sale, the insider now directly owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. This represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.39% of the stock is currently owned by insiders.

Ulta Beauty Trading Down 2.3 %

Ulta Beauty stock opened at $359.36 on Friday. The company has a fifty day simple moving average of $369.03 and a 200 day simple moving average of $385.97. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $460.00. The company has a market cap of $16.66 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

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

Ulta Beauty Profile

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.