Synovus Financial Corp raised its position in Ulta Beauty Inc (NASDAQ:ULTA) by 169.6% during the 4th quarter, HoldingsChannel reports. The fund owned 15,688 shares of the specialty retailer’s stock after buying an additional 9,869 shares during the quarter. Synovus Financial Corp’s holdings in Ulta Beauty were worth $3,503,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ULTA. BlackRock Inc. raised its stake in shares of Ulta Beauty by 4.9% during the 4th quarter. BlackRock Inc. now owns 5,159,690 shares of the specialty retailer’s stock worth $1,154,015,000 after purchasing an additional 239,759 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Ulta Beauty by 58.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock worth $314,378,000 after purchasing an additional 512,315 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Ulta Beauty by 12.1% during the 4th quarter. Jennison Associates LLC now owns 721,677 shares of the specialty retailer’s stock worth $161,410,000 after purchasing an additional 77,742 shares in the last quarter. CI Global Investments Inc. bought a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $135,756,000. Finally, Old Mutual Global Investors UK Ltd. raised its stake in shares of Ulta Beauty by 173.8% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 527,993 shares of the specialty retailer’s stock worth $119,358,000 after purchasing an additional 335,148 shares in the last quarter. Hedge funds and other institutional investors own 86.68% of the company’s stock.
ULTA has been the topic of a number of research analyst reports. Vetr upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. Piper Jaffray Companies set a $206.00 price target on Ulta Beauty and gave the company a “hold” rating in a research note on Thursday, November 30th. Jefferies Group restated a “positive” rating and issued a $221.64 price target (down previously from $300.00) on shares of Ulta Beauty in a research note on Tuesday, December 5th. Royal Bank of Canada set a $225.00 price target on Ulta Beauty and gave the company a “hold” rating in a research note on Friday, December 1st. Finally, Oppenheimer restated a “hold” rating on shares of Ulta Beauty in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $262.91.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.03. Ulta Beauty had a return on equity of 29.64% and a net margin of 8.82%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. equities research analysts predict that Ulta Beauty Inc will post 8.35 EPS for the current year.
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Ulta Beauty Company 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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