MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 9,096 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 174.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,310 shares of the specialty retailer's stock after acquiring an additional 9,096 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Ulta Beauty were worth $6,224,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ULTA. Smartleaf Asset Management LLC raised its position in shares of Ulta Beauty by 28.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock valued at $72,000 after purchasing an additional 37 shares during the period. Savant Capital LLC lifted its position in Ulta Beauty by 199.5% during the fourth quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock worth $2,021,000 after acquiring an additional 3,095 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Ulta Beauty by 7.8% during the fourth quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock worth $1,663,000 after acquiring an additional 288 shares during the period. Buckhead Capital Management LLC grew its position in shares of Ulta Beauty by 15.6% in the fourth quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer's stock valued at $5,257,000 after purchasing an additional 1,633 shares during the last quarter. Finally, Brookstone Capital Management bought a new position in shares of Ulta Beauty during the fourth quarter worth approximately $348,000. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Trading Up 1.1%

ULTA traded up $4.31 on Tuesday, reaching $414.40. The stock had a trading volume of 1,124,251 shares, compared to its average volume of 1,053,123. The company has a market capitalization of $18.71 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $460.00. The firm has a 50-day moving average of $372.13 and a 200-day moving average of $385.86.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm posted $8.08 earnings per share. The firm's revenue was down 1.9% compared to the same quarter last year. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Insider Activity at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the sale, the insider now 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ULTA shares. JPMorgan Chase & Co. decreased their price objective on Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Stifel Nicolaus lowered their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a research report on Friday, March 14th. DA Davidson reissued a "buy" rating and issued a $415.00 price objective on shares of Ulta Beauty in a report on Wednesday, April 16th. BMO Capital Markets lowered their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a report on Friday, March 14th. Finally, The Goldman Sachs Group upgraded 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. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $424.00.

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.