Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 22,263 shares of the specialty retailer’s stock after acquiring an additional 106 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Ulta Beauty were worth $9,683,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Investment Partners LLC raised its stake in shares of Ulta Beauty by 3.9% during the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 25 shares during the period. Stonegate Investment Group LLC increased its stake in Ulta Beauty by 0.5% during the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after buying an additional 34 shares during the period. Resonant Capital Advisors LLC increased its stake in Ulta Beauty by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock worth $685,000 after buying an additional 34 shares during the period. Prestige Wealth Management Group LLC lifted its holdings in Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after buying an additional 34 shares in the last quarter. Finally, Clear Creek Financial Management LLC boosted its position in Ulta Beauty by 4.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock valued at $362,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of analyst reports. Barclays dropped their target price on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Piper Sandler cut their target price on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Stifel Nicolaus decreased their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a research report on Friday, March 14th. JPMorgan Chase & Co. cut their price target on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Finally, UBS Group raised their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $427.13.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $359.47 on Monday. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $529.67. The firm has a market capitalization of $16.67 billion, a P/E ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.34. The company has a 50-day simple moving average of $373.67 and a 200-day simple moving average of $386.41.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm posted $8.08 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

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.