Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 2,179.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,356 shares of the specialty retailer’s stock after purchasing an additional 5,121 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Ulta Beauty were worth $2,332,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ULTA. International Assets Investment Management LLC lifted its position in Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after purchasing an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $359,480,000. Holocene Advisors LP lifted its holdings in shares of Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after buying an additional 335,914 shares during the period. Atreides Management LP purchased a new stake in shares of Ulta Beauty in the third quarter valued at approximately $73,069,000. Finally, Assenagon Asset Management S.A. grew its holdings in Ulta Beauty by 258.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after acquiring an additional 90,972 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $418.55 on Friday. The firm’s 50 day moving average price is $406.08 and its two-hundred day moving average price is $385.23. The stock has a market cap of $19.41 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.00 and a beta of 1.28. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.07 earnings per share. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of research reports. Stifel Nicolaus upped their price target on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Oppenheimer boosted their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Telsey Advisory Group restated an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a report on Tuesday, January 7th. Finally, StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Company 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.