Meiji Yasuda Asset Management Co Ltd. Sells 118 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Meiji Yasuda Asset Management Co Ltd. lessened its position in Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) by 5.1% during the third quarter, Holdings Channel reports. The fund owned 2,204 shares of the specialty retailer’s stock after selling 118 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Ulta Beauty were worth $884,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Nvwm LLC bought a new position in Ulta Beauty in the third quarter valued at $472,000. Neuberger Berman Group LLC grew its stake in shares of Ulta Beauty by 76.6% during the third quarter. Neuberger Berman Group LLC now owns 202,301 shares of the specialty retailer’s stock valued at $81,454,000 after buying an additional 87,738 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Ulta Beauty by 28.1% during the third quarter. Alliancebernstein L.P. now owns 192,559 shares of the specialty retailer’s stock valued at $77,253,000 after buying an additional 42,256 shares during the last quarter. Dana Investment Advisors Inc. grew its stake in shares of Ulta Beauty by 279.3% during the third quarter. Dana Investment Advisors Inc. now owns 46,332 shares of the specialty retailer’s stock valued at $18,588,000 after buying an additional 34,118 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Ulta Beauty by 6.2% during the third quarter. Public Employees Retirement System of Ohio now owns 34,333 shares of the specialty retailer’s stock valued at $13,774,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

Analyst Ratings Changes

ULTA has been the topic of a number of recent research reports. Piper Sandler raised their price objective on Ulta Beauty from $570.00 to $610.00 in a research note on Friday, March 10th. Barclays raised their price objective on Ulta Beauty from $548.00 to $636.00 and gave the company an “overweight” rating in a research note on Friday, March 10th. DA Davidson raised their price objective on Ulta Beauty from $545.00 to $605.00 in a research note on Friday, March 10th. Citigroup raised their price objective on Ulta Beauty from $500.00 to $530.00 and gave the company a “neutral” rating in a research note on Friday, March 3rd. Finally, StockNews.com upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $555.09.

Ulta Beauty Stock Performance

ULTA stock opened at $518.42 on Wednesday. The firm has a 50 day moving average price of $512.00 and a 200-day moving average price of $458.31. Ulta Beauty, Inc. has a 52-week low of $330.80 and a 52-week high of $537.52. The firm has a market capitalization of $26.38 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.50 and a beta of 1.30.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last released its earnings results on Thursday, March 9th. The specialty retailer reported $6.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $1.15. Ulta Beauty had a net margin of 12.17% and a return on equity of 67.19%. The firm had revenue of $3.23 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the business earned $5.41 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 25.23 earnings per share for the current fiscal year.

Ulta Beauty Company Profile

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Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.