Ulta Beauty Inc. (NASDAQ:ULTA) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 11.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,873 shares of the specialty retailer's stock after buying an additional 1,027 shares during the period. IFM Investors Pty Ltd's holdings in Ulta Beauty were worth $3,842,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. OneDigital Investment Advisors LLC increased its position in Ulta Beauty by 32.1% during the first quarter. OneDigital Investment Advisors LLC now owns 1,164 shares of the specialty retailer's stock worth $427,000 after buying an additional 283 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in shares of Ulta Beauty by 3.5% during the first quarter. Resonant Capital Advisors LLC now owns 1,631 shares of the specialty retailer's stock worth $598,000 after purchasing an additional 55 shares in the last quarter. Aaron Wealth Advisors LLC lifted its stake in shares of Ulta Beauty by 70.9% during the first quarter. Aaron Wealth Advisors LLC now owns 834 shares of the specialty retailer's stock worth $306,000 after purchasing an additional 346 shares in the last quarter. Keybank National Association OH lifted its stake in shares of Ulta Beauty by 11.1% during the first quarter. Keybank National Association OH now owns 131,534 shares of the specialty retailer's stock worth $48,213,000 after purchasing an additional 13,153 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its stake in shares of Ulta Beauty by 127.8% during the first quarter. Summit Trail Advisors LLC now owns 1,631 shares of the specialty retailer's stock worth $598,000 after purchasing an additional 915 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Down 0.4%

Shares of NASDAQ:ULTA traded down $1.80 during trading on Monday, hitting $475.99. 631,873 shares of the company traded hands, compared to its average volume of 1,043,914. The business's fifty day moving average is $437.28 and its 200-day moving average is $401.72. The stock has a market capitalization of $21.40 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 2.90 and a beta of 1.08. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $491.98.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.97. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The business's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $6.47 earnings per share. On average, analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ULTA shares. BMO Capital Markets reduced their price objective on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research note on Friday, March 14th. Argus cut Ulta Beauty from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Citigroup boosted their price objective on Ulta Beauty from $425.00 to $450.00 and gave the stock a "neutral" rating in a research note on Friday, May 30th. B. Riley cut their price target on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Finally, Oppenheimer boosted their price target on Ulta Beauty from $465.00 to $510.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $465.04.

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.