Bank Julius Baer & Co. Ltd Zurich Has $1.25 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Posted by on Apr 3rd, 2023

Bank Julius Baer & Co. Ltd Zurich decreased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,661 shares of the specialty retailer’s stock after selling 228 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Ulta Beauty were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ULTA. CI Investments Inc. increased its holdings in shares of Ulta Beauty by 1,016.7% during the third quarter. CI Investments Inc. now owns 67 shares of the specialty retailer’s stock worth $27,000 after buying an additional 61 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of Ulta Beauty in the third quarter valued at approximately $30,000. AllSquare Wealth Management LLC increased its holdings in shares of Ulta Beauty by 188.5% in the third quarter. AllSquare Wealth Management LLC now owns 75 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 49 shares in the last quarter. Finally, RFP Financial Group LLC acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 4,500 shares of the business’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $506.65, for a total transaction of $2,279,925.00. Following the sale, the insider now directly owns 5,231 shares of the company’s stock, valued at approximately $2,650,286.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Ulta Beauty news, Director Mike C. Smith sold 400 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $521.63, for a total transaction of $208,652.00. Following the sale, the director now directly owns 1,531 shares of the company’s stock, valued at approximately $798,615.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jodi J. Caro sold 4,500 shares of the business’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $506.65, for a total transaction of $2,279,925.00. Following the sale, the insider now directly owns 5,231 shares in the company, valued at $2,650,286.15. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ULTA. Piper Sandler raised their price target on shares of Ulta Beauty from $610.00 to $615.00 and gave the company an “overweight” rating in a report on Thursday, March 23rd. Telsey Advisory Group reissued an “outperform” rating and issued a $575.00 price target on shares of Ulta Beauty in a report on Monday, March 6th. Robert W. Baird lifted their target price on shares of Ulta Beauty from $550.00 to $580.00 in a report on Friday, March 10th. Stifel Nicolaus lifted their target price on shares of Ulta Beauty from $475.00 to $525.00 in a report on Friday, March 10th. Finally, BMO Capital Markets lifted their target price on shares of Ulta Beauty from $390.00 to $510.00 and gave the stock a “market perform” rating in a report on Friday, March 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Ulta Beauty has an average rating of “Moderate Buy” and an average target price of $561.00.

Ulta Beauty Trading Up 1.7 %

ULTA opened at $545.67 on Monday. The stock has a market capitalization of $27.39 billion, a P/E ratio of 22.72, a P/E/G ratio of 1.76 and a beta of 1.30. Ulta Beauty, Inc. has a 12 month low of $330.80 and a 12 month high of $546.47. The firm’s fifty day simple moving average is $519.95 and its 200 day simple moving average is $466.65.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last posted its quarterly earnings data on Thursday, March 9th. The specialty retailer reported $6.68 EPS for the quarter, beating the consensus estimate of $5.53 by $1.15. The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Ulta Beauty had a net margin of 12.17% and a return on equity of 67.19%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.41 EPS. On average, equities research analysts predict that Ulta Beauty, Inc. will post 25.21 EPS for the current fiscal year.

About Ulta Beauty

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Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.

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

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