Mirae Asset Global Investments Co. Ltd. Grows Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 27.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,147 shares of the specialty retailer’s stock after buying an additional 889 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ulta Beauty were worth $1,675,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its stake in Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after acquiring an additional 1,237,884 shares during the last quarter. TD Asset Management Inc increased its position in Ulta Beauty by 14.1% in the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after purchasing an additional 76,721 shares during the last quarter. Alecta Tjanstepension Omsesidigt increased its position in Ulta Beauty by 14.4% in the third quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock worth $200,944,000 after purchasing an additional 65,000 shares during the last quarter. Boston Partners lifted its position in Ulta Beauty by 47.7% during the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after purchasing an additional 153,727 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Ulta Beauty by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock worth $163,149,000 after buying an additional 24,822 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, October 21st. DA Davidson lowered their price objective on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft dropped their target price on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. UBS Group decreased their price target on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, TD Cowen dropped their price objective on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $420.71.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $368.98 on Friday. The firm has a 50-day simple moving average of $376.34 and a 200-day simple moving average of $382.08. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The firm has a market cap of $17.38 billion, a P/E ratio of 14.81, a P/E/G ratio of 2.14 and a beta of 1.32.

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