Ulta Beauty, Inc. (NASDAQ:ULTA) Stake Increased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 20.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,805 shares of the specialty retailer's stock after buying an additional 988 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Ulta Beauty were worth $2,525,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in shares of Ulta Beauty by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer's stock worth $244,000 after purchasing an additional 28 shares during the period. Stonegate Investment Group LLC raised its position in shares of Ulta Beauty by 0.5% during the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock worth $2,881,000 after purchasing an additional 34 shares during the period. Resonant Capital Advisors LLC raised its position in shares of Ulta Beauty by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer's stock worth $685,000 after purchasing an additional 34 shares during the period. Clear Creek Financial Management LLC raised its position in shares of Ulta Beauty by 4.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer's stock worth $362,000 after purchasing an additional 35 shares during the period. Finally, Hedeker Wealth LLC raised its position in shares of Ulta Beauty by 0.5% during the 4th quarter. Hedeker Wealth LLC now owns 7,010 shares of the specialty retailer's stock worth $3,049,000 after purchasing an additional 38 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

ULTA has been the topic of a number of research reports. Barclays increased their price target on Ulta Beauty from $410.00 to $445.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 9th. Citigroup increased their price objective on Ulta Beauty from $450.00 to $457.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Loop Capital increased their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Morgan Stanley raised Ulta Beauty from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $430.00 to $500.00 in a report on Tuesday, January 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $500.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $459.22.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA traded up $4.70 on Friday, reaching $365.14. 1,181,009 shares of the company traded hands, compared to its average volume of 865,380. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The company's 50 day moving average is $415.86 and its 200-day moving average is $386.17. The stock has a market capitalization of $16.93 billion, a PE ratio of 14.61, a P/E/G ratio of 0.96 and a beta of 1.28.

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