Generali Asset Management SPA SGR Invests $985,000 in Ulta Beauty, Inc. (NASDAQ:ULTA)

Generali Asset Management SPA SGR purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,265 shares of the specialty retailer's stock, valued at approximately $985,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its stake in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Edge Capital Group LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $33,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ulta Beauty during the third quarter valued at approximately $41,000. Finally, Future Financial Wealth Managment LLC bought a new position in Ulta Beauty during the fourth quarter valued at $43,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 2.8 %

NASDAQ:ULTA traded up $9.68 during trading hours on Friday, hitting $350.57. 1,730,045 shares of the company's stock traded hands, compared to its average volume of 1,044,654. The firm has a market cap of $16.26 billion, a P/E ratio of 14.03, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $529.67. The business's fifty day simple moving average is $377.57 and its two-hundred day simple moving average is $386.17.

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Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results 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 return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the business posted $8.08 earnings per share. The company's revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on ULTA. Bank of America reduced their price objective on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a report on Friday, March 14th. UBS Group increased their price objective on Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a report on Friday, December 6th. B. Riley reduced their price objective on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a report on Friday, March 14th. TD Cowen increased 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. Finally, Canaccord Genuity Group cut their price target on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty has a consensus rating of "Hold" and a consensus price target of $427.13.

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.