Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co increased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 33.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,000 shares of the specialty retailer’s stock after buying an additional 5,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Ulta Beauty were worth $8,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Prestige Wealth Management Group LLC grew its position 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 valued at $27,000 after buying an additional 34 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. increased its stake in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Ulta Beauty during the fourth quarter worth about $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in Ulta Beauty in the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ULTA. Loop Capital increased their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Canaccord Genuity Group cut their price objective on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Stifel Nicolaus lowered their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a research note on Friday, March 14th. Morgan Stanley reduced their price objective on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Finally, DA Davidson lowered their target price on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $427.61.

Insider Buying and Selling at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now directly owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. The trade was a 10.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.39% of the stock is owned by company insiders.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $359.36 on Friday. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $460.00. The firm has a 50 day simple moving average of $369.03 and a 200-day simple moving average of $385.89. The firm has a market cap of $16.28 billion, a PE ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.16.

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

About Ulta Beauty

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.