TCW Group Inc. purchased a new stake in Ulta Beauty Inc (NASDAQ:ULTA) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 106,626 shares of the specialty retailer’s stock, valued at approximately $23,848,000.
Other large investors have also recently added to or reduced their stakes in the company. Comerica Bank raised its position in shares of Ulta Beauty by 37.0% in the third quarter. Comerica Bank now owns 39,592 shares of the specialty retailer’s stock valued at $7,986,000 after purchasing an additional 10,690 shares during the period. First Manhattan Co. bought a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $62,331,000. Parametric Portfolio Associates LLC increased its position in Ulta Beauty by 31.3% during the third quarter. Parametric Portfolio Associates LLC now owns 198,278 shares of the specialty retailer’s stock worth $44,823,000 after acquiring an additional 47,253 shares during the period. First American Trust FSB bought a new position in Ulta Beauty during the fourth quarter worth $2,869,000. Finally, Alps Advisors Inc. increased its position in Ulta Beauty by 34.8% during the third quarter. Alps Advisors Inc. now owns 2,613 shares of the specialty retailer’s stock worth $591,000 after acquiring an additional 674 shares during the period. 86.68% of the stock is currently owned by institutional investors.
Shares of Ulta Beauty Inc (NASDAQ ULTA) opened at $203.15 on Tuesday. Ulta Beauty Inc has a 52 week low of $187.96 and a 52 week high of $314.86. The firm has a market cap of $12,390.00, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 0.99 and a beta of 0.54.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, November 30th. The specialty retailer reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.03. Ulta Beauty had a net margin of 8.82% and a return on equity of 29.64%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. equities research analysts expect that Ulta Beauty Inc will post 8.35 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on ULTA shares. Buckingham Research reaffirmed a “buy” rating on shares of Ulta Beauty in a research report on Tuesday, January 23rd. Loop Capital set a $300.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Sunday, December 3rd. Wells Fargo & Co set a $297.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Thursday, January 11th. BidaskClub lowered shares of Ulta Beauty from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Vetr raised shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating and set a $254.50 target price on the stock in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Ulta Beauty presently has an average rating of “Buy” and an average target price of $262.91.
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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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