American Century Companies Inc. Raises Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

American Century Companies Inc. increased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,334 shares of the specialty retailer's stock after buying an additional 5,938 shares during the period. American Century Companies Inc. owned about 0.18% of Ulta Beauty worth $37,114,000 as of its most recent filing with the Securities & Exchange Commission.

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

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Ulta Beauty Stock Performance

Shares of ULTA traded up $3.70 during trading hours on Monday, hitting $363.17. The stock had a trading volume of 427,506 shares, compared to its average volume of 1,058,863. The firm has a 50-day moving average price of $373.67 and a 200 day moving average price of $386.41. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $529.67. The firm has a market capitalization of $16.84 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm posted $8.08 earnings per share. The company's revenue was down 1.9% compared to the same quarter last year. As a group, analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Stifel Nicolaus dropped their target price on Ulta Beauty from $475.00 to $400.00 and set a "hold" rating on the stock in a research note on Friday, March 14th. DA Davidson dropped their price target on Ulta Beauty from $510.00 to $415.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Loop Capital increased their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a "buy" rating in a research report on Monday, December 9th. TD Cowen lifted their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Finally, B. Riley cut their price target on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Ulta Beauty currently has an average rating of "Hold" and a consensus target price of $427.13.

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.