Mitsubishi UFJ Asset Management Co. Ltd. Cuts Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Mitsubishi UFJ Asset Management Co. Ltd. lessened its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 91,691 shares of the specialty retailer’s stock after selling 1,711 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.20% of Ulta Beauty worth $39,551,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ULTA. Cornerstone Investment Partners LLC lifted its stake in Ulta Beauty by 3.9% in the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 25 shares during the last quarter. Stonegate Investment Group LLC raised its stake in Ulta Beauty by 0.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after buying an additional 34 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in Ulta Beauty by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock worth $685,000 after buying an additional 34 shares during the last quarter. Prestige Wealth Management Group LLC boosted its position in shares of Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 34 shares in the last quarter. Finally, Clear Creek Financial Management LLC increased its holdings in shares of Ulta Beauty by 4.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock valued at $362,000 after acquiring an additional 35 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $359.47 on Friday. The company has a market cap of $16.67 billion, a P/E ratio of 14.38, a PEG ratio of 0.89 and a beta of 1.34. The firm has a fifty day moving average of $373.67 and a two-hundred day moving average of $386.31. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $529.67.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 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 firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the firm earned $8.08 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ULTA shares. B. Riley decreased their target price on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Wells Fargo & Company reduced their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating for the company in a research report on Friday, March 14th. Loop Capital increased their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Barclays cut their price target on shares of Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Finally, Bank of America decreased their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.