DnB Asset Management AS Increases Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

DnB Asset Management AS increased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,353 shares of the specialty retailer’s stock after purchasing an additional 45 shares during the quarter. DnB Asset Management AS’s holdings in Ulta Beauty were worth $4,068,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. grew its position in shares of Ulta Beauty by 63.2% in the third quarter. Edgestream Partners L.P. now owns 4,380 shares of the specialty retailer’s stock valued at $1,704,000 after purchasing an additional 1,696 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in Ulta Beauty in the 3rd quarter valued at approximately $812,000. Atreides Management LP acquired a new stake in Ulta Beauty during the 3rd quarter valued at $73,069,000. Benjamin Edwards Inc. increased its position in Ulta Beauty by 913.9% during the third quarter. Benjamin Edwards Inc. now owns 730 shares of the specialty retailer’s stock worth $284,000 after buying an additional 658 shares in the last quarter. Finally, Holocene Advisors LP raised its holdings in shares of Ulta Beauty by 3,246.2% in the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after acquiring an additional 335,914 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of analyst reports. Piper Sandler decreased their price objective on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Barclays decreased their price target on shares of Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Citigroup cut their price objective on shares of Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. BMO Capital Markets decreased their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a research report on Friday, March 14th. Finally, Stifel Nicolaus cut their price target on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $427.13.

Ulta Beauty Stock Up 2.0 %

Ulta Beauty stock opened at $366.54 on Tuesday. The firm has a fifty day moving average of $372.90 and a 200-day moving average of $386.36. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $529.67. The firm has a market capitalization of $17.00 billion, a P/E ratio of 14.67, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.13 by $1.33. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.08 EPS. On average, research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

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.