Korea Investment CORP Has $24.73 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Korea Investment CORP reduced its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 23.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,870 shares of the specialty retailer’s stock after selling 17,772 shares during the period. Korea Investment CORP owned approximately 0.12% of Ulta Beauty worth $24,734,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Cornerstone Investment Partners LLC grew its stake in shares of Ulta Beauty by 3.9% in the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 25 shares during the last quarter. Stonegate Investment Group LLC boosted its holdings in Ulta Beauty by 0.5% in the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after purchasing an additional 34 shares during the period. Resonant Capital Advisors LLC grew its position in Ulta Beauty by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock worth $685,000 after purchasing an additional 34 shares during the last quarter. Prestige Wealth Management Group LLC increased its holdings in shares of Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 34 shares during the period. Finally, Clear Creek Financial Management LLC raised its position in shares of Ulta Beauty by 4.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock valued at $362,000 after buying an additional 35 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $359.47 on Friday. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $529.67. The firm has a market cap of $16.67 billion, a P/E ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.34. The business’s fifty day moving average is $373.67 and its two-hundred day moving average is $386.22.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the firm earned $8.08 EPS. The company’s revenue was down 1.9% on a year-over-year basis. On average, equities research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ULTA shares. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. UBS Group lifted their price objective on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company lowered their price objective on Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. BMO Capital Markets reduced their target price on Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a research report on Friday, March 14th. Finally, DA Davidson decreased their price target on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and a consensus target price of $427.13.

About Ulta Beauty

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.