Candriam Luxembourg S.C.A. increased its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 1,536.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 62,902 shares of the specialty retailer’s stock after purchasing an additional 59,059 shares during the period. Candriam Luxembourg S.C.A. owned 0.10% of Ulta Beauty worth $14,069,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of ULTA. CI Global Investments Inc. purchased a new stake in Ulta Beauty during the 4th quarter worth about $135,756,000. Ameriprise Financial Inc. lifted its holdings in 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. Alecta Pensionsforsakring Omsesidigt purchased a new stake in Ulta Beauty during the 3rd quarter worth about $83,642,000. Old Mutual Global Investors UK Ltd. lifted its holdings in 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. Finally, Russell Investments Group Ltd. lifted its holdings in Ulta Beauty by 162.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 482,329 shares of the specialty retailer’s stock worth $109,033,000 after purchasing an additional 298,725 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Inc (ULTA) opened at $209.48 on Tuesday. The company has a market capitalization of $12,780.00, a PE ratio of 26.79, a PEG ratio of 1.06 and a beta of 0.54. Ulta Beauty Inc has a 1 year low of $187.96 and a 1 year high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $1.70 EPS for the quarter, beating the consensus estimate of $1.67 by $0.03. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Ulta Beauty had a return on equity of 29.64% and a net margin of 8.82%. equities analysts expect that Ulta Beauty Inc will post 8.35 EPS for the current year.
A number of analysts recently issued reports on the company. Vetr raised Ulta Beauty from a “buy” rating to a “strong-buy” rating in a report 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 report on Thursday, November 30th. Jefferies Group reaffirmed a “positive” rating and issued a $221.64 price target (down previously from $300.00) on shares of Ulta Beauty in a report 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 report on Friday, December 1st. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Ulta Beauty in a report on Thursday, December 7th. Eleven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Ulta Beauty has an average rating of “Buy” and a consensus target price of $262.91.
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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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