Asset Management One Co. Ltd. Trims Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Asset Management One Co. Ltd. reduced its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,251 shares of the specialty retailer’s stock after selling 1,042 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Ulta Beauty were worth $8,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Buckhead Capital Management LLC grew its holdings in shares of Ulta Beauty by 15.6% in the fourth quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer’s stock valued at $5,257,000 after purchasing an additional 1,633 shares in the last quarter. SFE Investment Counsel raised its holdings in shares of Ulta Beauty by 36.8% in the fourth quarter. SFE Investment Counsel now owns 7,006 shares of the specialty retailer’s stock valued at $3,047,000 after acquiring an additional 1,883 shares in the last quarter. Louisbourg Investments Inc. grew its stake in Ulta Beauty by 102.6% in the fourth quarter. Louisbourg Investments Inc. now owns 5,647 shares of the specialty retailer’s stock valued at $2,456,000 after purchasing an additional 2,860 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Ulta Beauty by 42.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,762 shares of the specialty retailer’s stock valued at $3,331,000 after purchasing an additional 2,294 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. grew its stake in shares of Ulta Beauty by 44.5% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 1,624 shares of the specialty retailer’s stock worth $706,000 after acquiring an additional 500 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on ULTA. Bank of America lifted their target price on Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Canaccord Genuity Group upped their target price on Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Piper Sandler increased their price objective on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. UBS Group raised their target price 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, BMO Capital Markets raised their target price on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $459.22.

Ulta Beauty Stock Performance

Shares of ULTA opened at $365.14 on Tuesday. The stock has a 50-day simple moving average of $414.59 and a 200-day simple moving average of $386.44. The stock has a market capitalization of $16.93 billion, a PE ratio of 14.61, a PEG ratio of 0.96 and a beta of 1.28. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.07 earnings per share. Analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.