Mitsubishi UFJ Trust & Banking Corp Decreases Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 11.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 30,528 shares of the specialty retailer’s stock after selling 4,047 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.07% of Ulta Beauty worth $13,278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Holocene Advisors LP increased its position 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 in the last quarter. Atreides Management LP acquired a new stake in Ulta Beauty in the 3rd quarter valued at $73,069,000. Proficio Capital Partners LLC acquired a new stake in Ulta Beauty in the 4th quarter valued at $58,074,000. Victory Capital Management Inc. raised its position 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 purchasing an additional 124,822 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Ulta Beauty by 258.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after purchasing an additional 90,972 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several analyst reports. Bank of America dropped their target price on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Loop Capital lifted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. DA Davidson reduced their target price on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Morgan Stanley lowered their price target on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Finally, Stifel Nicolaus dropped their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $427.13.

Ulta Beauty Price Performance

ULTA stock opened at $359.47 on Friday. The firm has a market cap of $16.67 billion, a price-to-earnings ratio of 14.38, a PEG 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 $529.67. The firm has a fifty day moving average price of $373.67 and a two-hundred day moving average price of $386.22.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating 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 business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm earned $8.08 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

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.