Mirae Asset Global Investments Co. Ltd. Buys 1,021 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Mirae Asset Global Investments Co. Ltd. increased its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 24.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,168 shares of the specialty retailer's stock after acquiring an additional 1,021 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Ulta Beauty were worth $2,279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULTA. WT Asset Management Ltd purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $1,174,000. Win Advisors Inc. purchased a new stake in Ulta Beauty during the 4th quarter valued at approximately $1,038,000. E. Ohman J or Asset Management AB grew its holdings in Ulta Beauty by 22.5% during the 4th quarter. E. Ohman J or Asset Management AB now owns 2,450 shares of the specialty retailer's stock valued at $1,066,000 after buying an additional 450 shares in the last quarter. Tempus Wealth Planning LLC raised its position in shares of Ulta Beauty by 18.1% during the fourth quarter. Tempus Wealth Planning LLC now owns 1,123 shares of the specialty retailer's stock valued at $488,000 after buying an additional 172 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its holdings in shares of Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer's stock worth $685,000 after buying an additional 34 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Performance

Ulta Beauty stock traded down $12.68 during trading hours on Thursday, hitting $360.44. The company had a trading volume of 1,415,817 shares, compared to its average volume of 854,452. The firm has a market cap of $16.71 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.96 and a beta of 1.28. The company has a 50-day moving average price of $416.50 and a two-hundred day moving average price of $386.35. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

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

Analysts Set New Price Targets

Several research firms recently weighed in on ULTA. BMO Capital Markets raised their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $500.00 target price on shares of Ulta Beauty in a report on Tuesday, January 7th. Wells Fargo & Company boosted their target price on Ulta Beauty from $350.00 to $370.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 7th. UBS Group raised their price target on Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, Canaccord Genuity Group upped their price objective on Ulta Beauty from $500.00 to $538.00 and gave the stock a "buy" rating in a report 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $459.22.

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.