UniSuper Management Pty Ltd Acquires 401 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

UniSuper Management Pty Ltd grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,702 shares of the specialty retailer’s stock after acquiring an additional 401 shares during the period. UniSuper Management Pty Ltd’s holdings in Ulta Beauty were worth $2,480,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cornerstone Investment Partners LLC raised its holdings in Ulta Beauty by 3.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 25 shares during the period. Stonegate Investment Group LLC increased its position in Ulta Beauty by 0.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after buying an additional 34 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in shares of Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock worth $685,000 after buying an additional 34 shares during the period. Prestige Wealth Management Group LLC lifted its position in shares of Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 34 shares in the last quarter. Finally, Clear Creek Financial Management LLC grew its stake in shares of Ulta Beauty by 4.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock valued at $362,000 after acquiring an additional 35 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $359.47 on Friday. The company has a market cap of $16.67 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $529.67. The stock’s 50 day simple moving average is $373.67 and its two-hundred day simple moving average is $386.31.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly 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. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.08 EPS. Equities research analysts expect 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 commented on the stock. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Canaccord Genuity Group decreased their price objective on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. B. Riley dropped their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a report on Friday, March 14th. UBS Group increased their price target on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus lowered their price objective on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $427.13.

About Ulta Beauty

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.