AMP Capital Investors Ltd decreased its position in Ulta Beauty (NASDAQ:ULTA) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,904 shares of the specialty retailer’s stock after selling 500 shares during the quarter. AMP Capital Investors Ltd’s holdings in Ulta Beauty were worth $3,780,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ULTA. First Republic Investment Management Inc. increased its position in shares of Ulta Beauty by 17.4% during the fourth quarter. First Republic Investment Management Inc. now owns 1,660 shares of the specialty retailer’s stock worth $371,000 after acquiring an additional 246 shares during the period. Pacer Advisors Inc. increased its position in shares of Ulta Beauty by 12.8% during the third quarter. Pacer Advisors Inc. now owns 2,405 shares of the specialty retailer’s stock worth $544,000 after acquiring an additional 273 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Ulta Beauty by 0.7% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 39,677 shares of the specialty retailer’s stock worth $8,969,000 after acquiring an additional 290 shares during the period. Norinchukin Bank The increased its position in shares of Ulta Beauty by 7.4% during the third quarter. Norinchukin Bank The now owns 4,344 shares of the specialty retailer’s stock worth $982,000 after acquiring an additional 298 shares during the period. Finally, Profund Advisors LLC increased its position in shares of Ulta Beauty by 6.4% during the fourth quarter. Profund Advisors LLC now owns 5,386 shares of the specialty retailer’s stock worth $1,205,000 after acquiring an additional 326 shares during the period. 91.94% of the stock is currently owned by institutional investors.
ULTA stock opened at $215.63 on Wednesday. The company has a market cap of $13,532.99, a price-to-earnings ratio of 24.01, a P/E/G ratio of 1.10 and a beta of 0.62. Ulta Beauty has a 12 month low of $187.96 and a 12 month high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.02). Ulta Beauty had a return on equity of 30.40% and a net margin of 9.44%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm posted $2.24 EPS. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. research analysts expect that Ulta Beauty will post 10.42 earnings per share for the current fiscal year.
Ulta Beauty declared that its board has initiated a stock repurchase plan on Thursday, March 15th that authorizes the company to repurchase $625.00 million in shares. This repurchase authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
ULTA has been the topic of a number of recent research reports. Cleveland Research reaffirmed a “hold” rating on shares of Ulta Beauty in a research report on Tuesday, November 21st. Loop Capital set a $300.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, November 27th. KeyCorp set a $270.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, November 27th. Oppenheimer reaffirmed a “hold” rating and set a $210.00 price objective on shares of Ulta Beauty in a research report on Tuesday, November 28th. Finally, Vetr lowered Ulta Beauty from a “strong-buy” rating to a “buy” rating and set a $247.00 price objective on the stock. in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $250.32.
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Ulta Beauty Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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