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

Sompo Asset Management Co. Ltd. raised its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 62.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,874 shares of the specialty retailer’s stock after acquiring an additional 5,321 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Ulta Beauty were worth $5,399,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. raised its holdings in shares of Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares during the last quarter. LRI Investments LLC acquired a new stake in Ulta Beauty during the 1st quarter worth about $31,000. Innealta Capital LLC purchased a new position in shares of Ulta Beauty during the 2nd quarter valued at about $32,000. Paladin Wealth LLC acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at about $32,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Ulta Beauty in the second quarter worth about $36,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ULTA shares. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday. The Goldman Sachs Group cut their target price on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a report on Monday, August 12th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Saturday, September 28th. Piper Sandler raised their price target on shares of Ulta Beauty from $356.00 to $357.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Barclays lifted their price objective on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Ulta Beauty has a consensus rating of “Hold” and a consensus target price of $420.71.

Ulta Beauty Stock Down 0.1 %

Shares of NASDAQ ULTA opened at $338.38 on Friday. The firm has a 50-day simple moving average of $376.80 and a 200-day simple moving average of $377.30. The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 1.95 and a beta of 1.33. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the prior year, the company posted $6.02 EPS. The firm’s revenue was up .9% on a year-over-year basis. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

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.