Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,531 shares of the specialty retailer’s stock after purchasing an additional 138 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ulta Beauty were worth $4,580,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board purchased a new position in Ulta Beauty in the 3rd quarter valued at about $359,480,000. Holocene Advisors LP boosted its holdings in Ulta Beauty by 3,246.2% in the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after purchasing an additional 335,914 shares during the last quarter. Atreides Management LP acquired a new stake in Ulta Beauty during the 3rd quarter valued at approximately $73,069,000. Proficio Capital Partners LLC purchased a new stake in Ulta Beauty during the 4th quarter worth approximately $58,074,000. Finally, Victory Capital Management Inc. increased its holdings in Ulta Beauty by 364.6% during the 4th quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock worth $69,177,000 after purchasing an additional 124,822 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $357.48 on Friday. The firm has a market capitalization of $16.58 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $546.58. The stock has a fifty day moving average of $385.01 and a two-hundred day moving average of $386.69.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share 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 during the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the business posted $8.08 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ULTA. Citigroup raised their price target on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a report on Friday. UBS Group upped their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Bank of America decreased their price target on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday. Finally, TD Cowen boosted their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty currently has an average rating of “Hold” and an average target price of $431.13.

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.