Nomura Holdings Inc. raised its holdings in Ulta Beauty Inc (NASDAQ:ULTA) by 50.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,429 shares of the specialty retailer’s stock after acquiring an additional 480 shares during the quarter. Nomura Holdings Inc.’s holdings in Ulta Beauty were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of ULTA. Legacy Financial Advisors Inc. lifted its stake in Ulta Beauty by 1,270.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 137 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 127 shares in the last quarter. Ipswich Investment Management Co. Inc. purchased a new stake in Ulta Beauty during the fourth quarter valued at about $53,000. Kwmg LLC lifted its stake in Ulta Beauty by 65.5% during the fourth quarter. Kwmg LLC now owns 283 shares of the specialty retailer’s stock valued at $69,000 after buying an additional 112 shares in the last quarter. Rational Advisors LLC lifted its stake in Ulta Beauty by 539.7% during the third quarter. Rational Advisors LLC now owns 371 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 313 shares in the last quarter. Finally, Fort L.P. purchased a new stake in Ulta Beauty during the fourth quarter valued at about $110,000. 89.72% of the stock is owned by institutional investors.
A number of research firms have recently issued reports on ULTA. OTR Global raised shares of Ulta Beauty to a “positive” rating in a research report on Thursday, November 29th. BMO Capital Markets set a $280.00 price target on shares of Ulta Beauty and gave the stock a “hold” rating in a research report on Friday, December 7th. Wells Fargo & Co increased their price target on shares of Ulta Beauty from $280.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday. BidaskClub lowered shares of Ulta Beauty from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 28th. Finally, ValuEngine raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Tuesday, January 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Ulta Beauty has an average rating of “Buy” and a consensus target price of $313.96.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.56 by $0.05. Ulta Beauty had a return on equity of 33.75% and a net margin of 9.99%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the company posted $2.75 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. Analysts expect that Ulta Beauty Inc will post 10.82 EPS for the current fiscal year.
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Ulta Beauty Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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