Meeder Asset Management Inc. Sells 1,166 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)

Meeder Asset Management Inc. lessened its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 84.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 220 shares of the specialty retailer’s stock after selling 1,166 shares during the quarter. Meeder Asset Management Inc.’s holdings in Ulta Beauty were worth $81,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Norden Group LLC boosted its stake in shares of Ulta Beauty by 40.3% during the 1st quarter. Norden Group LLC now owns 1,988 shares of the specialty retailer’s stock worth $729,000 after acquiring an additional 571 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Ulta Beauty by 20.2% during the 1st quarter. Mackenzie Financial Corp now owns 16,776 shares of the specialty retailer’s stock worth $6,149,000 after acquiring an additional 2,818 shares in the last quarter. Bryce Point Capital LLC bought a new stake in shares of Ulta Beauty during the 1st quarter worth about $889,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ulta Beauty by 11.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,774 shares of the specialty retailer’s stock worth $4,316,000 after acquiring an additional 1,243 shares in the last quarter. Finally, Empirical Finance LLC boosted its stake in Ulta Beauty by 1.9% during the 1st quarter. Empirical Finance LLC now owns 3,281 shares of the specialty retailer’s stock valued at $1,203,000 after purchasing an additional 61 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $517.43 on Thursday. The company has a market capitalization of $23.26 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 3.11 and a beta of 1.08. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $521.77. The business has a 50 day simple moving average of $471.08 and a 200 day simple moving average of $410.00.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping the consensus estimate of $5.73 by $0.97. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. Ulta Beauty’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $6.47 EPS. Equities analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Ulta Beauty from $477.00 to $525.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Citigroup increased their target price on Ulta Beauty from $425.00 to $450.00 and gave the company a “neutral” rating in a research note on Friday, May 30th. Barclays increased their target price on Ulta Beauty from $327.00 to $485.00 and gave the company an “equal weight” rating in a research note on Monday, June 2nd. Loop Capital restated a “hold” rating and set a $510.00 target price on shares of Ulta Beauty in a research note on Friday, July 25th. Finally, Canaccord Genuity Group increased their target price on Ulta Beauty from $510.00 to $542.00 and gave the company a “buy” rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $465.04.

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.