Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,531 shares of the specialty retailer’s stock after purchasing an additional 138 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ulta Beauty were worth $4,580,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ULTA. Ontario Teachers Pension Plan Board acquired a new position in Ulta Beauty during the third quarter worth about $359,480,000. Holocene Advisors LP boosted its stake in shares of Ulta Beauty by 3,246.2% during the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after acquiring an additional 335,914 shares in the last quarter. Atreides Management LP acquired a new stake in shares of Ulta Beauty in the 3rd quarter worth approximately $73,069,000. Proficio Capital Partners LLC purchased a new position in Ulta Beauty in the 4th quarter valued at approximately $58,074,000. Finally, Victory Capital Management Inc. raised its holdings in Ulta Beauty by 364.6% during the fourth quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock worth $69,177,000 after purchasing an additional 124,822 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $357.48 on Friday. The firm has a market capitalization of $16.58 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $546.58. The business’s 50-day simple moving average is $385.01 and its 200-day simple moving average is $386.69.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the business posted $8.08 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ULTA shares. Bank of America dropped their price target on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research report on Friday. BMO Capital Markets dropped their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a report on Friday. DA Davidson reduced their price target on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a report on Friday. Canaccord Genuity Group dropped their price objective on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a research note on Friday. Finally, William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Ulta Beauty currently has a consensus rating of “Hold” and an average price target of $431.13.

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.