Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,770 shares of the specialty retailer’s stock after buying an additional 5,861 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Ulta Beauty worth $51,222,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC increased its stake in Ulta Beauty by 180,713.0% in the third 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 during the last quarter. Geode Capital Management LLC grew its position in shares of Ulta Beauty by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock valued at $461,059,000 after buying an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Ulta Beauty during the 3rd quarter worth $359,480,000. Champlain Investment Partners LLC lifted its position in Ulta Beauty by 5.4% in the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after acquiring an additional 31,540 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt boosted its stake in Ulta Beauty by 14.4% in the third quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock valued at $200,944,000 after acquiring an additional 65,000 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 0.4 %

ULTA stock opened at $376.34 on Tuesday. The company’s 50-day moving average price is $417.81 and its 200 day moving average price is $386.32. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a market cap of $17.45 billion, a P/E ratio of 15.06, a P/E/G ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping 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 business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the company earned $5.07 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on ULTA. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their target price for the company from $330.00 to $430.00 in a report on Tuesday, January 7th. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Wells Fargo & Company increased their price objective on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a report on Tuesday, January 7th. BMO Capital Markets lifted their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $459.22.

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.