Meeder Asset Management Inc. Has $603,000 Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Meeder Asset Management Inc. grew its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3,453.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,386 shares of the specialty retailer’s stock after buying an additional 1,347 shares during the quarter. Meeder Asset Management Inc.’s holdings in Ulta Beauty were worth $603,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Ulta Beauty during the 4th quarter worth approximately $239,432,000. Holocene Advisors LP grew its stake 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 valued at $134,737,000 after buying an additional 335,914 shares in the last quarter. Atreides Management LP acquired a new position in Ulta Beauty during the third quarter worth $73,069,000. Proficio Capital Partners LLC bought a new stake in Ulta Beauty during the fourth quarter worth $58,074,000. Finally, Victory Capital Management Inc. lifted its stake in Ulta Beauty by 364.6% in the fourth quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock valued at $69,177,000 after acquiring an additional 124,822 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Loop Capital boosted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Stifel Nicolaus dropped their price objective on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a research note on Friday, March 14th. Morgan Stanley reduced their target price on Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. DA Davidson dropped their price target on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Finally, Piper Sandler reduced their price objective on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and a consensus target price of $427.13.

Ulta Beauty Stock Up 2.0 %

ULTA stock opened at $366.54 on Tuesday. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $529.67. The business has a 50-day simple moving average of $372.90 and a 200 day simple moving average of $386.36. The company has a market cap of $17.00 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

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

About Ulta Beauty

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.