Canada Pension Plan Investment Board Raises Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Canada Pension Plan Investment Board grew its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 78.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 43,111 shares of the specialty retailer’s stock after acquiring an additional 18,962 shares during the period. Canada Pension Plan Investment Board owned about 0.09% of Ulta Beauty worth $16,635,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Corient Private Wealth LLC raised its holdings in Ulta Beauty by 32.4% in the fourth quarter. Corient Private Wealth LLC now owns 12,509 shares of the specialty retailer’s stock worth $6,129,000 after purchasing an additional 3,059 shares in the last quarter. US Bancorp DE increased its stake in shares of Ulta Beauty by 40.0% in the 4th quarter. US Bancorp DE now owns 16,539 shares of the specialty retailer’s stock worth $8,104,000 after acquiring an additional 4,729 shares in the last quarter. Commerce Bank increased its stake in shares of Ulta Beauty by 1.0% in the 4th quarter. Commerce Bank now owns 2,742 shares of the specialty retailer’s stock worth $1,344,000 after acquiring an additional 26 shares in the last quarter. Hsbc Holdings PLC lifted its position in Ulta Beauty by 2.4% during the 4th quarter. Hsbc Holdings PLC now owns 155,468 shares of the specialty retailer’s stock valued at $76,124,000 after acquiring an additional 3,587 shares during the period. Finally, Hilltop Holdings Inc. bought a new stake in Ulta Beauty during the fourth quarter worth about $219,000. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of analyst reports. Robert W. Baird decreased their target price on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. DA Davidson reduced their price objective on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, August 30th. JPMorgan Chase & Co. boosted their target price on Ulta Beauty from $530.00 to $544.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Citigroup reduced their price target on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $356.00 price target (down previously from $404.00) on shares of Ulta Beauty in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $425.29.

Insider Buying and Selling

In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the sale, the director now owns 2,017 shares of the company’s stock, valued at $786,791.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.39% of the stock is owned by insiders.

Ulta Beauty Stock Down 2.0 %

Ulta Beauty stock opened at $393.84 on Tuesday. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The company has a market cap of $18.79 billion, a P/E ratio of 15.36, a P/E/G ratio of 2.22 and a beta of 1.31. The business has a 50-day simple moving average of $367.99 and a two-hundred day simple moving average of $405.89.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the firm posted $6.02 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts anticipate that Ulta Beauty, Inc. will post 23.21 EPS for the current fiscal year.

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.