Nissay Asset Management Corp Japan ADV Boosts Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Nissay Asset Management Corp Japan ADV grew its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,421 shares of the specialty retailer's stock after buying an additional 2,105 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Ulta Beauty were worth $7,703,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Cornerstone Investment Partners LLC boosted its stake in Ulta Beauty by 3.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock worth $289,000 after purchasing an additional 25 shares in the last quarter. RWA Wealth Partners LLC boosted its stake in Ulta Beauty by 1.5% in the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock worth $812,000 after purchasing an additional 28 shares in the last quarter. Lido Advisors LLC boosted its stake in Ulta Beauty by 5.0% in the 4th quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock worth $272,000 after purchasing an additional 30 shares in the last quarter. Colonial Trust Co SC boosted its stake in Ulta Beauty by 36.9% in the 4th quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock worth $50,000 after purchasing an additional 31 shares in the last quarter. Finally, Stonegate Investment Group LLC boosted its stake in Ulta Beauty by 0.5% in the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock worth $2,881,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

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 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 sale, the insider now directly owns 7,632 shares of the company's stock, valued at $2,817,429.12. This trade represents a 10.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.17% of the company's stock.

Ulta Beauty Trading Down 0.7%

NASDAQ ULTA traded down $2.90 on Monday, reaching $410.09. 535,192 shares of the stock were exchanged, compared to its average volume of 1,052,693. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $460.00. The firm has a market capitalization of $18.51 billion, a PE ratio of 16.41, a PEG ratio of 0.89 and a beta of 1.06. The company's 50-day simple moving average is $370.52 and its two-hundred day simple moving average is $385.63.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ULTA. Morgan Stanley dropped their price target on shares of Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. JPMorgan Chase & Co. lowered their target price on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Wells Fargo & Company upped 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. Piper Sandler restated a "neutral" rating on shares of Ulta Beauty in a research note on Thursday. Finally, Telsey Advisory Group restated an "outperform" rating and set 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $426.08.

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.