Mitsubishi UFJ Trust & Banking Corp Trims Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Mitsubishi UFJ Trust & Banking Corp cut its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,528 shares of the specialty retailer's stock after selling 4,047 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Ulta Beauty worth $13,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prestige Wealth Management Group LLC raised its holdings in Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 34 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Ulta Beauty by 118.4% during 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 in the last quarter. Westside Investment Management Inc. increased its holdings in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after buying an additional 50 shares during the last quarter. Edge Capital Group LLC acquired a new stake in Ulta Beauty in the fourth quarter valued at $33,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Ulta Beauty during the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

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Wall Street Analyst Weigh In

ULTA has been the topic of several research analyst reports. StockNews.com raised Ulta Beauty from a "sell" rating to a "hold" rating in a research report on Tuesday, January 7th. Bank of America dropped their target price on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Wells Fargo & Company reduced their price target on shares of Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and boosted their target price for the company from $384.00 to $423.00 in a report on Tuesday. Finally, Loop Capital raised their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $427.61.

Ulta Beauty Stock Up 2.2 %

Shares of Ulta Beauty stock traded up $8.06 during trading hours on Wednesday, hitting $381.97. The company's stock had a trading volume of 316,512 shares, compared to its average volume of 1,059,944. The business has a fifty day moving average of $371.93 and a 200 day moving average of $386.33. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $528.80. The company has a market capitalization of $17.71 billion, a PE ratio of 15.28, a P/E/G ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm's revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $8.08 earnings per share. On average, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share 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.