Nomura Asset Management Co. Ltd. Increases Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Nomura Asset Management Co. Ltd. increased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,263 shares of the specialty retailer’s stock after buying an additional 106 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Ulta Beauty were worth $9,683,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in shares of Ulta Beauty by 93.6% in the 3rd quarter. Cerity Partners LLC now owns 6,856 shares of the specialty retailer’s stock worth $2,668,000 after acquiring an additional 3,315 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Ulta Beauty by 12.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 189,310 shares of the specialty retailer’s stock valued at $73,664,000 after buying an additional 20,613 shares in the last quarter. Edgestream Partners L.P. increased its position in shares of Ulta Beauty by 63.2% in the third quarter. Edgestream Partners L.P. now owns 4,380 shares of the specialty retailer’s stock valued at $1,704,000 after buying an additional 1,696 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Ulta Beauty during the 3rd quarter worth $812,000. Finally, Atreides Management LP purchased a new stake in shares of Ulta Beauty in the 3rd quarter worth about $73,069,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Down 2.9 %

Shares of ULTA opened at $359.47 on Monday. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $529.67. The firm has a market capitalization 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. The stock’s fifty day simple moving average is $373.67 and its 200 day simple moving average is $386.41.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the business posted $8.08 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ULTA. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. B. Riley reduced their target price on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Oppenheimer increased their target price on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Piper Sandler cut their price target on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Finally, Canaccord Genuity Group decreased their price objective on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $427.13.

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.