Mufg Securities Americas Inc. Takes $303,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Mufg Securities Americas Inc. purchased a new position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 696 shares of the specialty retailer's stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of Ulta Beauty by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer's stock valued at $520,587,000 after acquiring an additional 11,205 shares during the period. Capital World Investors acquired a new position in Ulta Beauty during the fourth quarter worth $430,674,000. Deutsche Bank AG raised its holdings in Ulta Beauty by 1.4% during the fourth quarter. Deutsche Bank AG now owns 655,561 shares of the specialty retailer's stock worth $285,123,000 after buying an additional 9,291 shares during the last quarter. Northern Trust Corp raised its holdings in Ulta Beauty by 14.7% during the fourth quarter. Northern Trust Corp now owns 562,155 shares of the specialty retailer's stock worth $244,498,000 after buying an additional 72,004 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Ulta Beauty in the 4th quarter worth $239,432,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Stock Up 1.1%

Shares of Ulta Beauty stock traded up $4.31 on Tuesday, hitting $414.40. The stock had a trading volume of 1,124,251 shares, compared to its average volume of 1,053,123. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00. The stock has a market cap of $18.71 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 0.89 and a beta of 1.06. The stock's 50-day simple moving average is $372.13 and its two-hundred day simple moving average is $385.86.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating the consensus estimate of $7.13 by $1.33. The business had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.08 earnings per share. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 completion of the transaction, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ULTA shares. Barclays reduced their target price on shares of Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. Piper Sandler reiterated a "neutral" rating on shares of Ulta Beauty in a research note on Thursday, May 15th. Bank of America reduced their target price on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Morgan Stanley reduced their target price on shares of Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $500.00 target price on shares of Ulta Beauty in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $424.00.

About Ulta Beauty

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.