Meiji Yasuda Asset Management Co Ltd. Has $884,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Meiji Yasuda Asset Management Co Ltd. cut its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,204 shares of the specialty retailer’s stock after selling 118 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Ulta Beauty were worth $884,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Ulta Beauty by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock valued at $2,344,096,000 after purchasing an additional 40,190 shares during the period. BlackRock Inc. lifted its stake in shares of Ulta Beauty by 1.6% in the 3rd quarter. BlackRock Inc. now owns 4,231,441 shares of the specialty retailer’s stock valued at $1,697,611,000 after purchasing an additional 65,087 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Ulta Beauty by 111.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 940,481 shares of the specialty retailer’s stock valued at $362,536,000 after purchasing an additional 495,734 shares during the period. FMR LLC lifted its stake in shares of Ulta Beauty by 94.9% in the 2nd quarter. FMR LLC now owns 752,048 shares of the specialty retailer’s stock valued at $289,899,000 after purchasing an additional 366,138 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Ulta Beauty by 7,441.9% in the 2nd quarter. Renaissance Technologies LLC now owns 701,400 shares of the specialty retailer’s stock valued at $270,376,000 after purchasing an additional 692,100 shares during the period. 90.47% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 0.9 %

ULTA stock opened at $518.42 on Wednesday. The firm has a market cap of $26.38 billion, a PE ratio of 21.58, a P/E/G ratio of 1.50 and a beta of 1.30. The business has a 50 day moving average of $512.00 and a 200-day moving average of $458.31. Ulta Beauty, Inc. has a 12-month low of $330.80 and a 12-month high of $537.52.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last released its earnings results on Thursday, March 9th. The specialty retailer reported $6.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $1.15. Ulta Beauty had a return on equity of 67.19% and a net margin of 12.17%. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the company posted $5.41 earnings per share. Ulta Beauty’s quarterly revenue was up 18.2% on a year-over-year basis. On average, research analysts expect that Ulta Beauty, Inc. will post 25.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of recent analyst reports. Raymond James boosted their price objective on Ulta Beauty from $550.00 to $600.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 16th. Cowen boosted their target price on Ulta Beauty from $503.00 to $570.00 and gave the company an “outperform” rating in a research report on Thursday, February 16th. The Goldman Sachs Group lowered Ulta Beauty from a “buy” rating to a “neutral” rating and decreased their target price for the company from $511.00 to $508.00 in a research report on Monday, December 12th. Morgan Stanley boosted their target price on Ulta Beauty from $510.00 to $535.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $575.00 target price on shares of Ulta Beauty in a research report on Monday, March 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.09.

About Ulta Beauty

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Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.