Mirae Asset Global Investments Co. Ltd. Acquires 924 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 17.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,092 shares of the specialty retailer's stock after purchasing an additional 924 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Ulta Beauty were worth $2,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ULTA. Smartleaf Asset Management LLC grew its holdings in shares of Ulta Beauty by 28.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock worth $72,000 after purchasing an additional 37 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Ulta Beauty during the fourth quarter worth about $88,000. Charles Schwab Investment Management Inc. boosted its holdings in Ulta Beauty by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,938 shares of the specialty retailer's stock valued at $139,151,000 after acquiring an additional 12,273 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Ulta Beauty by 364.6% in the fourth quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer's stock valued at $69,177,000 after acquiring an additional 124,822 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its holdings in Ulta Beauty by 63.6% in the fourth quarter. J.Safra Asset Management Corp now owns 180 shares of the specialty retailer's stock valued at $78,000 after acquiring an additional 70 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Up 0.6%

Shares of NASDAQ:ULTA opened at $477.68 on Friday. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $491.98. The stock's 50 day moving average is $435.40 and its 200-day moving average is $401.61. The firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.88 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the firm earned $6.47 earnings per share. Ulta Beauty's revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on ULTA. Loop Capital reiterated a "buy" rating and issued a $510.00 target price (up from $480.00) on shares of Ulta Beauty in a report on Monday, June 16th. Stifel Nicolaus reduced their target price on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a report on Friday, March 14th. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $477.00 to $525.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Raymond James Financial reiterated an "outperform" rating and issued a $500.00 target price (up from $450.00) on shares of Ulta Beauty in a report on Friday, May 30th. Finally, Oppenheimer upped their target price on Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ulta Beauty has a consensus rating of "Moderate Buy" and a consensus price target of $462.22.

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.

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