Ulta Beauty, Inc. (NASDAQ:ULTA) Stock Holdings Increased by Rempart Asset Management Inc.

Rempart Asset Management Inc. lifted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,975 shares of the specialty retailer's stock after buying an additional 1,118 shares during the period. Ulta Beauty comprises 2.9% of Rempart Asset Management Inc.'s investment portfolio, making the stock its 20th biggest holding. Rempart Asset Management Inc. owned approximately 0.08% of Ulta Beauty worth $14,286,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ULTA. Capital World Investors purchased a new stake in shares of Ulta Beauty during the 4th quarter worth $430,674,000. Norges Bank acquired a new stake in shares of Ulta Beauty during the 4th quarter valued at approximately $239,432,000. Marshall Wace LLP boosted its stake in shares of Ulta Beauty by 10,336.7% during the 4th quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer's stock worth $199,681,000 after acquiring an additional 454,711 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Ulta Beauty during the fourth quarter worth $73,780,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter worth about $58,074,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Argus downgraded shares of Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. BMO Capital Markets reduced their target price 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. Telsey Advisory Group raised their price target on Ulta Beauty from $460.00 to $520.00 and gave the stock an "outperform" rating in a research report on Friday. Bank of America cut their price target on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Finally, The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and increased their price objective for the company from $384.00 to $423.00 in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Ulta Beauty currently has a consensus rating of "Hold" and an average target price of $454.04.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by insiders.

Ulta Beauty Trading Up 11.4%

Shares of NASDAQ ULTA traded up $47.92 during mid-day trading on Friday, reaching $469.71. The company had a trading volume of 4,593,456 shares, compared to its average volume of 1,061,242. The company has a 50-day moving average price of $384.70 and a two-hundred day moving average price of $387.99. The stock has a market cap of $21.21 billion, a PE ratio of 18.80, a P/E/G ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $491.98.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly 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 51.95% and a net margin of 10.58%. The firm had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. During the same quarter last year, the business posted $6.47 EPS. Ulta Beauty's revenue was up 4.5% on a year-over-year basis. On average, research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.