Mitsubishi UFJ Asset Management Co. Ltd. Acquires 4,893 Shares of Ulta Beauty Inc. $ULTA

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,172 shares of the specialty retailer’s stock after buying an additional 4,893 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.22% of Ulta Beauty worth $46,862,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ULTA. Price T Rowe Associates Inc. MD raised its holdings in shares of Ulta Beauty by 128.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock valued at $449,021,000 after purchasing an additional 688,267 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Ulta Beauty by 81.7% in the first quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock worth $334,871,000 after purchasing an additional 410,900 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Ulta Beauty by 64.8% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock worth $341,453,000 after purchasing an additional 366,147 shares during the period. Pacer Advisors Inc. grew its position in Ulta Beauty by 5,117.0% in the 1st quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer’s stock worth $80,753,000 after purchasing an additional 216,089 shares during the period. Finally, AQR Capital Management LLC raised its stake in Ulta Beauty by 237.7% during the 1st quarter. AQR Capital Management LLC now owns 270,420 shares of the specialty retailer’s stock valued at $96,674,000 after buying an additional 190,353 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Down 0.2%

Shares of NASDAQ:ULTA opened at $516.56 on Tuesday. The stock has a 50 day moving average of $531.04 and a 200 day moving average of $489.86. The company has a market cap of $23.16 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping analysts’ consensus estimates of $5.03 by $0.75. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $5.30 EPS. Equities research analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ULTA has been the subject of several research analyst reports. Wall Street Zen lowered Ulta Beauty from a “buy” rating to a “hold” rating in a report on Friday, September 26th. The Goldman Sachs Group raised their target price on Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Bank of America upped their price target on shares of Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. DA Davidson increased their price objective on shares of Ulta Beauty from $585.00 to $625.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Morgan Stanley raised their price objective on shares of Ulta Beauty from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty currently has an average rating of “Moderate Buy” and an average price target of $550.38.

Insider Activity at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of Ulta Beauty stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the transaction, the director owned 2,263 shares in the company, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is owned by insiders.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.