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

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

A number of other hedge funds also recently added to or reduced their stakes in the company. LMR Partners LLP purchased a new stake in Ulta Beauty during the 4th quarter valued at $22,529,000. LRT Capital Management LLC purchased a new stake in Ulta Beauty during the 4th quarter valued at $333,000. Interval Partners LP purchased a new stake in Ulta Beauty during the 4th quarter valued at $2,724,000. Global Assets Advisory LLC purchased a new stake in Ulta Beauty during the 4th quarter valued at $519,000. Finally, Eisler Capital Management Ltd. purchased a new stake in Ulta Beauty during the 4th quarter valued at $4,074,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the transaction, the insider now owns 7,632 shares of the company's stock, valued at $2,817,429.12. This represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.39% of the company's stock.

Wall Street Analysts Forecast Growth

ULTA has been the subject of a number of research reports. Oppenheimer reiterated an "outperform" rating and set a $465.00 target price (up from $435.00) on shares of Ulta Beauty in a research note on Tuesday. Wells Fargo & Company boosted their target price on shares of Ulta Beauty from $300.00 to $315.00 and gave the company an "underweight" rating in a research note on Wednesday, May 14th. BMO Capital Markets decreased their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a research note on Friday, March 14th. The Goldman Sachs Group upgraded shares of Ulta Beauty from a "neutral" rating to a "buy" rating and boosted their target price for the company from $384.00 to $423.00 in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. upped their price objective on Ulta Beauty from $475.00 to $477.00 and gave the stock an "overweight" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $424.25.

Ulta Beauty Stock Down 0.8%

ULTA stock traded down $3.35 during trading on Friday, reaching $407.04. The company's stock had a trading volume of 569,117 shares, compared to its average volume of 1,050,342. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00. The company has a market capitalization of $18.38 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. The company's fifty day moving average is $377.41 and its 200-day moving average is $386.54.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the business posted $8.08 EPS. Ulta Beauty's revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

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.