Ilmarinen Mutual Pension Insurance Co Has $8.70 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Ilmarinen Mutual Pension Insurance Co increased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 33.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the specialty retailer's stock after acquiring an additional 5,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Ulta Beauty were worth $8,699,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ULTA. Russell Investments Group Ltd. grew its holdings in shares of Ulta Beauty by 1.7% during the 4th quarter. Russell Investments Group Ltd. now owns 45,161 shares of the specialty retailer's stock valued at $19,648,000 after purchasing an additional 747 shares during the last quarter. Rahlfs Capital LLC bought a new stake in shares of Ulta Beauty in the 4th quarter worth approximately $2,403,000. Aviva PLC boosted its stake in Ulta Beauty by 7.8% in the 4th quarter. Aviva PLC now owns 29,399 shares of the specialty retailer's stock worth $12,787,000 after purchasing an additional 2,128 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of Ulta Beauty by 55.9% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 5,033 shares of the specialty retailer's stock valued at $2,189,000 after buying an additional 1,805 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of Ulta Beauty during the fourth quarter valued at $6,494,000. 90.39% of the stock is owned by institutional investors.

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Insider Buying and Selling

In related news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the sale, the insider now owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. The trade was a 10.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.39% of the stock is owned by corporate insiders.

Ulta Beauty Stock Up 1.1 %

ULTA stock traded up $3.78 during midday trading on Friday, reaching $358.73. The company had a trading volume of 270,911 shares, compared to its average volume of 1,051,830. The firm has a market capitalization of $16.25 billion, a PE ratio of 14.42, a P/E/G ratio of 0.89 and a beta of 1.16. The stock has a 50 day moving average price of $361.08 and a 200 day moving average price of $383.74. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $460.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (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 analysts' expectations 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 for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $8.08 EPS. Research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Ulta Beauty from a "sell" rating to a "hold" rating in a research report on Tuesday, January 7th. Canaccord Genuity Group lowered their target price on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a research report on Friday, March 14th. JPMorgan Chase & Co. decreased their price objective on Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Piper Sandler cut their target price on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Finally, TD Cowen boosted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $427.61.

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.