Nissay Asset Management Corp Japan ADV Has $7.70 Million Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Nissay Asset Management Corp Japan ADV increased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,421 shares of the specialty retailer’s stock after buying an additional 2,105 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Ulta Beauty were worth $7,703,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $430,674,000. Norges Bank acquired a new position in Ulta Beauty in the fourth quarter valued at about $239,432,000. Marshall Wace LLP lifted its stake in Ulta Beauty by 10,336.7% in the fourth quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer’s stock valued at $199,681,000 after buying an additional 454,711 shares during the period. Proficio Capital Partners LLC bought a new position in Ulta Beauty during the fourth quarter worth about $58,074,000. Finally, Victory Capital Management Inc. grew its position in shares of Ulta Beauty by 364.6% during the 4th quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock worth $69,177,000 after buying an additional 124,822 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA opened at $411.74 on Friday. The firm’s 50-day simple moving average is $369.11 and its 200 day simple moving average is $385.22. The firm has a market cap of $18.59 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $460.00.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results 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. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $8.08 earnings per share. As a group, equities analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jodi J. Caro sold 902 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the sale, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. DA Davidson restated a “buy” rating and issued a $415.00 price objective on shares of Ulta Beauty in a research report on Wednesday, April 16th. Citigroup lowered their target price on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. The Goldman Sachs Group raised Ulta Beauty from a “neutral” rating to a “buy” rating and lifted their price target for the company from $384.00 to $423.00 in a research note on Tuesday, April 1st. JPMorgan Chase & Co. cut their target price on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. Finally, Morgan Stanley decreased their price target on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $426.08.

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.