Candriam Luxembourg S.C.A. increased its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 1,536.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,902 shares of the specialty retailer’s stock after acquiring an additional 59,059 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Ulta Beauty were worth $14,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of ULTA. QS Investors LLC grew its position in Ulta Beauty by 0.8% during the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 6 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Ulta Beauty by 448.8% in the 2nd quarter. Janus Henderson Group PLC now owns 115,762 shares of the specialty retailer’s stock worth $33,264,000 after buying an additional 94,669 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Ulta Beauty by 3,388.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 67,022 shares of the specialty retailer’s stock worth $19,258,000 after buying an additional 65,101 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Ulta Beauty by 29.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 8,234 shares of the specialty retailer’s stock worth $2,366,000 after buying an additional 1,897 shares during the last quarter. Finally, Nomura Holdings Inc. grew its position in shares of Ulta Beauty by 191.0% in the 2nd quarter. Nomura Holdings Inc. now owns 4,420 shares of the specialty retailer’s stock worth $1,271,000 after buying an additional 2,901 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

A number of brokerages have recently weighed in on ULTA. Piper Jaffray Companies reiterated a “hold” rating and issued a $230.00 price objective on shares of Ulta Beauty in a research report on Monday, January 22nd. Oppenheimer reiterated a “hold” rating and issued a $240.00 price objective on shares of Ulta Beauty in a research report on Thursday, January 18th. Morgan Stanley upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $235.00 to $245.00 in a research report on Wednesday, January 17th. They noted that the move was a valuation call. Wells Fargo & Co set a $297.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Vetr upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. Eleven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $262.91.

Ulta Beauty Inc (NASDAQ:ULTA) opened at $209.48 on Tuesday. The company has a market capitalization of $12,780.00, a P/E ratio of 26.79, a PEG ratio of 1.06 and a beta of 0.54. Ulta Beauty Inc has a one year low of $187.96 and a one year high of $314.86.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.03. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Ulta Beauty had a return on equity of 29.64% and a net margin of 8.82%. analysts forecast that Ulta Beauty Inc will post 8.35 earnings per share for the current year.

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About Ulta Beauty

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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