Sumitomo Mitsui Trust Group Inc. Has $43.55 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,909 shares of the specialty retailer's stock after buying an additional 1,687 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Ulta Beauty worth $43,546,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC increased its position in Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer's stock worth $481,952,000 after buying an additional 1,237,884 shares during the period. TD Asset Management Inc grew its position in shares of Ulta Beauty by 14.1% during the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer's stock worth $239,545,000 after buying an additional 76,721 shares during the period. Alecta Tjanstepension Omsesidigt increased its holdings in Ulta Beauty by 14.4% in the third quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer's stock valued at $200,944,000 after purchasing an additional 65,000 shares during the last quarter. Boston Partners increased its stake in Ulta Beauty by 47.7% in the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer's stock valued at $246,862,000 after purchasing an additional 153,727 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Ulta Beauty by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer's stock worth $163,149,000 after purchasing an additional 24,822 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Stock Down 4.6 %

Shares of NASDAQ ULTA traded down $17.60 during mid-day trading on Friday, reaching $365.17. 1,440,970 shares of the company were exchanged, compared to its average volume of 962,623. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The stock has a market capitalization of $17.20 billion, a P/E ratio of 14.65, a P/E/G ratio of 2.20 and a beta of 1.33. The company's 50-day simple moving average is $380.06 and its 200-day simple moving average is $379.36.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. Ulta Beauty's revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $6.02 EPS. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on ULTA shares. Evercore ISI cut their price target on Ulta Beauty from $500.00 to $430.00 and set an "outperform" rating on the stock in a report on Monday, August 26th. BMO Capital Markets set a $385.00 target price on Ulta Beauty in a research note on Thursday, October 17th. JPMorgan Chase & Co. upped their price target on Ulta Beauty from $450.00 to $472.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. TD Cowen lowered their price objective on shares of Ulta Beauty from $390.00 to $380.00 and set a "hold" rating on the stock in a report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $420.71.

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.