Ulta Beauty, Inc. (NASDAQ:ULTA) Stock Holdings Lowered by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,528 shares of the specialty retailer’s stock after selling 4,047 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Ulta Beauty were worth $13,278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prestige Wealth Management Group LLC boosted its position in shares of Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after buying an additional 34 shares during the period. Sunbelt Securities Inc. boosted its position in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares during the period. Westside Investment Management Inc. grew its stake in shares of Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Edge Capital Group LLC bought a new position in shares of Ulta Beauty in the fourth quarter worth $33,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty during the third quarter valued at $41,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 2.9 %

Shares of NASDAQ:ULTA opened at $359.47 on Friday. The company’s fifty day moving average is $373.67 and its two-hundred day moving average is $386.22. The company has a market cap of $16.67 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $529.67.

Ulta Beauty (NASDAQ:ULTA) last posted 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. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the firm earned $8.08 earnings per share. Ulta Beauty’s quarterly revenue was down 1.9% on a year-over-year basis. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Piper Sandler reduced their price target on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Wells Fargo & Company cut their target price on Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating for the company in a research report on Friday, March 14th. Stifel Nicolaus lowered their price target 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. Barclays cut their price objective on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Finally, DA Davidson lowered their target price on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $427.13.

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.