Interval Partners LP Invests $2.72 Million in Ulta Beauty, Inc. (NASDAQ:ULTA)

Interval Partners LP bought a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, Holdings Channel reports. The fund bought 6,263 shares of the specialty retailer’s stock, valued at approximately $2,724,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Global Assets Advisory LLC acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $519,000. Eisler Capital Management Ltd. acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $4,074,000. Citizens Business Bank lifted its holdings in shares of Ulta Beauty by 16.4% during the fourth quarter. Citizens Business Bank now owns 8,235 shares of the specialty retailer’s stock worth $3,582,000 after buying an additional 1,161 shares in the last quarter. Deutsche Bank AG raised its stake in Ulta Beauty by 1.4% in the fourth quarter. Deutsche Bank AG now owns 655,561 shares of the specialty retailer’s stock valued at $285,123,000 after purchasing an additional 9,291 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Ulta Beauty by 307.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,660 shares of the specialty retailer’s stock valued at $4,636,000 after purchasing an additional 8,043 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the sale, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. The trade was a 10.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.17% of the company’s stock.

Ulta Beauty Trading Up 1.3%

Ulta Beauty stock opened at $393.17 on Monday. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $460.00. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 0.89 and a beta of 1.06. The firm has a 50 day moving average of $364.49 and a 200 day moving average of $384.36.

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, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the business posted $8.08 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. On average, analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ULTA shares. Barclays dropped 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. Bank of America dropped their price target on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Morgan Stanley dropped their price target on Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. The Goldman Sachs Group raised Ulta Beauty from a “neutral” rating to a “buy” rating and boosted their price target for the company from $384.00 to $423.00 in a research note on Tuesday, April 1st. Finally, Citigroup dropped their price target on 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 equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $427.17.

Ulta Beauty Company 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.