Asset Management One Co. Ltd. boosted its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,048 shares of the specialty retailer's stock after acquiring an additional 1,797 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Ulta Beauty were worth $7,348,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ULTA. Capital World Investors bought a new stake in Ulta Beauty in the fourth quarter worth about $430,674,000. Norges Bank bought a new stake in Ulta Beauty in the fourth quarter worth about $239,432,000. Marshall Wace LLP raised its position in Ulta Beauty by 10,336.7% in the fourth 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. GAMMA Investing LLC raised its position in Ulta Beauty by 38,770.6% in the first quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock worth $162,565,000 after acquiring an additional 442,372 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Ulta Beauty in the fourth quarter worth about $73,780,000. 90.39% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have commented on ULTA shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $520.00 price target on shares of Ulta Beauty in a research report on Thursday. Robert W. Baird boosted their price target on shares of Ulta Beauty from $440.00 to $525.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. B. Riley dropped their price target on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Canaccord Genuity Group boosted their price objective on Ulta Beauty from $510.00 to $542.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, The Goldman Sachs Group upgraded Ulta Beauty from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $384.00 to $423.00 in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $462.22.
Check Out Our Latest Report on Ulta Beauty
Insider Activity at Ulta Beauty
In related news, insider Jodi J. Caro sold 902 shares of the business's stock in a transaction that occurred on 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. The trade was a 10.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.17% of the stock is currently owned by company insiders.
Ulta Beauty Price Performance
NASDAQ:ULTA opened at $458.27 on Friday. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $491.98. The stock's 50-day moving average is $427.68 and its two-hundred day moving average is $400.30. The stock has a market cap of $20.60 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $2.79 billion. During the same quarter in the previous year, the business posted $6.47 EPS. The business's revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.
Ulta Beauty Company Profile
(
Free Report)
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.
Further Reading
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