Alberta Investment Management Corp Buys New Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Alberta Investment Management Corp purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,080 shares of the specialty retailer’s stock, valued at approximately $905,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in shares of Ulta Beauty by 180,713.0% during the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after purchasing an additional 1,237,884 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Ulta Beauty during the third quarter valued at $359,480,000. Holocene Advisors LP increased its holdings in Ulta Beauty by 3,246.2% in the third 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 in the last quarter. Atreides Management LP acquired a new position in shares of Ulta Beauty in the third quarter worth about $73,069,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Ulta Beauty by 258.3% during the 4th 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 in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Bank of America lifted their price target on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. BMO Capital Markets boosted their price objective on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. TD Cowen increased their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. UBS Group lifted their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Citigroup upped their price objective on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Ulta Beauty has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $361.54 on Friday. The stock has a 50 day moving average of $410.13 and a 200 day moving average of $386.42. The firm has a market capitalization of $16.76 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 0.87 and a beta of 1.28. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

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