493 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Bought by Cigna Investments Inc. New

Cigna Investments Inc. New bought a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 493 shares of the specialty retailer’s stock, valued at approximately $214,000.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after purchasing an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in shares of Ulta Beauty in the third quarter worth about $359,480,000. Holocene Advisors LP lifted its stake in shares of Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after acquiring an additional 335,914 shares during the last quarter. Atreides Management LP purchased a new stake in Ulta Beauty during the 3rd quarter valued at about $73,069,000. Finally, Assenagon Asset Management S.A. grew its position in Ulta Beauty by 258.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after acquiring an additional 90,972 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on ULTA. Canaccord Genuity Group boosted their price objective on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. DA Davidson increased their price target on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Stifel Nicolaus boosted their price objective on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. BMO Capital Markets raised their target price on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Stock Down 0.5 %

ULTA stock opened at $374.53 on Wednesday. The business has a 50 day moving average of $417.45 and a 200 day moving average of $386.41. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The firm has a market cap of $17.37 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm earned $5.07 EPS. Ulta Beauty’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Ulta Beauty 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.