Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 20.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,805 shares of the specialty retailer’s stock after buying an additional 988 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Ulta Beauty were worth $2,525,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Paladin Wealth LLC purchased a new position in shares of Ulta Beauty during the third quarter worth $32,000. Sunbelt Securities Inc. grew its position in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. grew its position in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at about $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at about $41,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 0.4 %

ULTA stock opened at $376.34 on Tuesday. The firm has a 50-day moving average of $417.81 and a two-hundred day moving average of $386.32. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The company has a market cap of $17.45 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $5.07 earnings per share. As a group, equities analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Citigroup lifted their price target on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. DA Davidson lifted their target price on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a report on Friday, December 6th. Raymond James lowered their price target on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Oppenheimer lifted their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Piper Sandler increased their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. One investment 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. According to MarketBeat.com, Ulta Beauty presently has a consensus 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.