Ulta Beauty, Inc. (NASDAQ:ULTA) Position Raised by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 135,375 shares of the specialty retailer's stock after purchasing an additional 10,662 shares during the quarter. Pictet Asset Management Holding SA owned 0.29% of Ulta Beauty worth $58,879,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC boosted its position in shares of Ulta Beauty by 93.6% in the 3rd quarter. Cerity Partners LLC now owns 6,856 shares of the specialty retailer's stock worth $2,668,000 after buying an additional 3,315 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Ulta Beauty by 0.4% in the third quarter. The Manufacturers Life Insurance Company now owns 96,492 shares of the specialty retailer's stock valued at $37,547,000 after purchasing an additional 367 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Ulta Beauty by 12.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 189,310 shares of the specialty retailer's stock worth $73,664,000 after purchasing an additional 20,613 shares in the last quarter. Edgestream Partners L.P. raised its position in shares of Ulta Beauty by 63.2% during the 3rd quarter. Edgestream Partners L.P. now owns 4,380 shares of the specialty retailer's stock worth $1,704,000 after purchasing an additional 1,696 shares during the last quarter. Finally, Erste Asset Management GmbH purchased a new position in Ulta Beauty during the third quarter worth $812,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ULTA shares. Loop Capital lifted their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a "buy" rating in a research note on Monday, December 9th. JPMorgan Chase & Co. dropped their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating for the company in a research report on Friday, March 14th. The Goldman Sachs Group upgraded shares of Ulta Beauty from a "neutral" rating to a "buy" rating and lifted their target price for the company from $384.00 to $423.00 in a report on Tuesday. TD Cowen increased their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Finally, DA Davidson cut their price objective on Ulta Beauty from $510.00 to $415.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $427.61.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA traded up $9.97 during trading on Wednesday, reaching $383.88. The stock had a trading volume of 621,926 shares, compared to its average volume of 1,061,763. The stock has a market cap of $17.80 billion, a PE ratio of 15.36, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $528.80. The firm's 50 day moving average price is $371.93 and its two-hundred day moving average price is $386.33.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the firm earned $8.08 earnings per share. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. On average, research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

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.