Nomura Asset Management Co. Ltd. Acquires 1,059 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Nomura Asset Management Co. Ltd. increased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,157 shares of the specialty retailer’s stock after buying an additional 1,059 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Ulta Beauty were worth $8,622,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of Ulta Beauty by 180,713.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after purchasing an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of Ulta Beauty during the 3rd quarter valued at about $359,480,000. TD Asset Management Inc grew its holdings in shares of Ulta Beauty by 14.1% during the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after purchasing an additional 76,721 shares in the last quarter. Champlain Investment Partners LLC increased its position in shares of Ulta Beauty by 5.4% in the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after purchasing an additional 31,540 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt lifted its position in Ulta Beauty by 14.4% during the third quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock valued at $200,944,000 after purchasing an additional 65,000 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $423.91 on Friday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The stock’s 50-day moving average is $376.51 and its 200 day moving average is $377.50. The company has a market cap of $19.66 billion, a PE ratio of 16.96, a P/E/G ratio of 2.42 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the firm earned $5.07 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. Analysts expect that Ulta Beauty, Inc. will post 23.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Evercore ISI lowered their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. Citigroup lifted their price target on Ulta Beauty from $390.00 to $450.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Robert W. Baird reduced their price objective on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research report on Friday, August 23rd. Piper Sandler boosted their target price on Ulta Beauty from $357.00 to $360.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Barclays upped their target price on Ulta Beauty from $335.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $439.30.

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.