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

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2,179.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,356 shares of the specialty retailer’s stock after buying an additional 5,121 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Ulta Beauty were worth $2,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ULTA. Paladin Wealth LLC acquired a new stake in Ulta Beauty during the third quarter worth $32,000. Sunbelt Securities Inc. grew its holdings in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. increased its position in shares of Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Ulta Beauty in the 3rd quarter valued at about $41,000. Finally, Future Financial Wealth Managment LLC acquired a new position 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.

Analyst Ratings Changes

ULTA has been the topic of a number of research analyst reports. B. Riley raised shares of Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their price target for the company from $330.00 to $430.00 in a research note on Tuesday, January 7th. DA Davidson upped their price target on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Bank of America increased their target price on Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Citigroup lifted their target price on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $418.55 on Friday. The company has a fifty day moving average of $406.08 and a two-hundred day moving average of $385.23. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The company has a market capitalization of $19.41 billion, a PE ratio of 16.75, a P/E/G ratio of 1.00 and a beta of 1.28.

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