MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $6.22 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 174.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 14,310 shares of the specialty retailer’s stock after purchasing an additional 9,096 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Ulta Beauty were worth $6,224,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ULTA. Brookstone Capital Management acquired a new position in Ulta Beauty during the 4th quarter valued at about $348,000. Avanza Fonder AB bought a new position in shares of Ulta Beauty during the 4th quarter worth approximately $1,903,000. Merit Financial Group LLC bought a new position in shares of Ulta Beauty during the 4th quarter worth approximately $405,000. Lake Street Private Wealth LLC lifted its position in shares of Ulta Beauty by 1.0% during the 4th quarter. Lake Street Private Wealth LLC now owns 8,795 shares of the specialty retailer’s stock worth $3,825,000 after buying an additional 88 shares in the last quarter. Finally, Integrated Investment Consultants LLC lifted its position in shares of Ulta Beauty by 3.0% during the 4th quarter. Integrated Investment Consultants LLC now owns 11,855 shares of the specialty retailer’s stock worth $5,156,000 after buying an additional 341 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ULTA. DA Davidson reissued a “buy” rating and set a $415.00 target price on shares of Ulta Beauty in a research report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their target price on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. The Goldman Sachs Group raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $384.00 to $423.00 in a research report on Tuesday, April 1st. Morgan Stanley dropped their target price on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $426.08.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $412.99 on Friday. The company’s fifty day simple moving average is $370.52 and its two-hundred day simple moving average is $385.52. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $460.00. The stock has a market capitalization of $18.65 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the firm posted $8.08 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Insider Buying and Selling at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. The trade was a 10.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.17% of the company’s stock.

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.