Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 135,375 shares of the specialty retailer’s stock after buying an additional 10,662 shares during the period. Pictet Asset Management Holding SA owned approximately 0.29% of Ulta Beauty worth $58,879,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Prestige Wealth Management Group LLC lifted its holdings in shares of Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 34 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. lifted its stake in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Edge Capital Group LLC purchased a new position in shares of Ulta Beauty during the fourth quarter worth $33,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Down 2.9 %

Shares of NASDAQ ULTA opened at $359.47 on Friday. The stock 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. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $529.67. The stock has a 50 day moving average of $373.67 and a two-hundred day moving average of $386.31.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm earned $8.08 EPS. Ulta Beauty’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ULTA. BMO Capital Markets dropped 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. Oppenheimer upped their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Stifel Nicolaus reduced their target price on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a report on Friday, March 14th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Loop Capital increased their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.