Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lowered its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,691 shares of the specialty retailer's stock after selling 1,711 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Ulta Beauty worth $39,551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ULTA. Holocene Advisors LP increased its position in Ulta Beauty by 3,246.2% during the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer's stock worth $134,737,000 after purchasing an additional 335,914 shares in the last quarter. Atreides Management LP purchased a new stake in shares of Ulta Beauty during the third quarter worth about $73,069,000. Proficio Capital Partners LLC acquired a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $58,074,000. Victory Capital Management Inc. lifted its stake in shares of Ulta Beauty by 364.6% during the fourth quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer's stock valued at $69,177,000 after buying an additional 124,822 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in 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 acquiring an additional 90,972 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

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Ulta Beauty Trading Up 2.2 %

NASDAQ ULTA traded up $8.38 on Wednesday, hitting $382.29. 535,519 shares of the stock traded hands, compared to its average volume of 1,060,851. The stock has a 50-day moving average of $371.93 and a 200 day moving average of $386.33. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $528.80. The company has a market capitalization of $17.73 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) 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. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.08 EPS. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

ULTA has been the subject of several analyst reports. B. Riley cut their price target on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Loop Capital upped their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a "buy" rating in a research note on Monday, December 9th. BMO Capital Markets decreased their price target on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research note on Friday, March 14th. Bank of America dropped their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, Canaccord Genuity Group decreased their target price on shares of Ulta Beauty from $538.00 to $526.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $427.61.

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.