Mirae Asset Global Investments Co. Ltd. Has $5.46 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,631 shares of the specialty retailer’s stock after selling 1,098 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ulta Beauty were worth $5,456,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CI Investments Inc. lifted its holdings in Ulta Beauty by 1,016.7% during the 3rd quarter. CI Investments Inc. now owns 67 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 61 shares during the last quarter. RFP Financial Group LLC acquired a new stake in Ulta Beauty during the 4th quarter worth approximately $31,000. Parkside Financial Bank & Trust lifted its holdings in Ulta Beauty by 59.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 26 shares during the last quarter. UMB Bank n.a. lifted its holdings in Ulta Beauty by 212.0% during the 4th quarter. UMB Bank n.a. now owns 78 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 53 shares during the last quarter. Finally, Accurate Wealth Management LLC acquired a new stake in Ulta Beauty during the 4th quarter worth approximately $43,000. 90.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ULTA has been the subject of several research reports. Citigroup lifted their price target on Ulta Beauty from $500.00 to $530.00 and gave the stock a “neutral” rating in a report on Friday, March 3rd. Argus lifted their price target on Ulta Beauty from $530.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, March 31st. Raymond James lifted their price objective on Ulta Beauty from $600.00 to $615.00 and gave the company a “strong-buy” rating in a report on Thursday, April 6th. StockNews.com raised Ulta Beauty from a “hold” rating to a “buy” rating in a report on Monday. Finally, DA Davidson lifted their price objective on Ulta Beauty from $545.00 to $605.00 in a report on Friday, March 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $563.71.

Ulta Beauty Stock Down 0.0 %

Shares of ULTA stock opened at $480.61 on Wednesday. The firm has a market capitalization of $24.07 billion, a P/E ratio of 20.01, a P/E/G ratio of 1.55 and a beta of 1.31. Ulta Beauty, Inc. has a twelve month low of $330.80 and a twelve month high of $556.60. The stock’s fifty day simple moving average is $523.76 and its 200 day simple moving average is $498.59.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last issued its quarterly earnings data on Thursday, March 9th. The specialty retailer reported $6.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.53 by $1.15. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $2.99 billion. Ulta Beauty had a return on equity of 67.19% and a net margin of 12.17%. Ulta Beauty’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.41 EPS. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 25.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 4,500 shares of Ulta Beauty stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $506.65, for a total transaction of $2,279,925.00. Following the transaction, the insider now directly owns 5,231 shares of the company’s stock, valued at approximately $2,650,286.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Ulta Beauty news, insider Jodi J. Caro sold 4,500 shares of Ulta Beauty stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $506.65, for a total transaction of $2,279,925.00. Following the transaction, the insider now directly owns 5,231 shares of the company’s stock, valued at approximately $2,650,286.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mike C. Smith sold 400 shares of Ulta Beauty stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $521.63, for a total value of $208,652.00. Following the transaction, the director now directly owns 1,531 shares in the company, valued at $798,615.53. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,355 shares of company stock valued at $3,821,507. 2.00% of the stock is currently owned by company insiders.

Ulta Beauty Company Profile

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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.