Sumitomo Mitsui Trust Group Inc. Buys 5,861 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Sumitomo Mitsui Trust Group Inc. increased its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,770 shares of the specialty retailer's stock after buying an additional 5,861 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Ulta Beauty worth $51,222,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Paladin Wealth LLC bought a new stake in shares of Ulta Beauty during the 3rd quarter worth $32,000. Sunbelt Securities Inc. lifted its holdings 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 valued at $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 50 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at $41,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Ulta Beauty in the 4th quarter worth about $43,000. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Price Performance

Shares of ULTA stock traded down $1.81 during trading on Tuesday, reaching $374.53. The company had a trading volume of 930,815 shares, compared to its average volume of 836,706. The firm's 50 day simple moving average is $417.45 and its two-hundred day simple moving average is $386.41. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The company has a market capitalization of $17.37 billion, a PE ratio of 14.99, a PEG ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts' consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $5.07 earnings per share. Analysts forecast 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 recent analyst reports. StockNews.com upgraded shares of Ulta Beauty from a "sell" rating to a "hold" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Piper Sandler lifted their price objective on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Loop Capital increased their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a "buy" rating in a report on Monday, December 9th. Finally, Morgan Stanley upgraded Ulta Beauty from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $430.00 to $500.00 in a report on Tuesday, January 21st. One 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $459.22.

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.