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

Sumitomo Mitsui Trust Group Inc. boosted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor 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.’s holdings in Ulta Beauty were worth $51,222,000 as of its most recent filing with the SEC.

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

Ulta Beauty Stock Up 0.4 %

Shares of NASDAQ:ULTA opened at $376.34 on Tuesday. The company has a 50 day moving average of $417.81 and a two-hundred day moving average of $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 capitalization of $17.45 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business earned $5.07 EPS. The business’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Ratings Changes

ULTA has been the topic of several recent analyst reports. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Stifel Nicolaus raised their price objective on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. TD Cowen upped their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. BMO Capital Markets raised their price target on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company upped their price objective on shares of Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.