Nomura Holdings Inc. Invests $2.43 Million in Ulta Beauty, Inc. (NASDAQ:ULTA)

Nomura Holdings Inc. bought a brand new stake in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) in the course of the fourth quarter, in accordance with its most up-to-date submitting with the SEC. The agency bought 4,964 shares of the specialty retailer’s inventory, valued at roughly $2,432,000.

Numerous different hedge funds have additionally modified their holdings of the corporate. Turtle Creek Wealth Advisors LLC purchased a brand new place in shares of Ulta Beauty in the course of the 4th quarter valued at about $25,000. Loomis Sayles & Co. L P lifted its place in Ulta Beauty by 364.3% in the third quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s inventory valued at $26,000 after buying a further 51 shares in the final quarter. Vima LLC purchased a brand new stake in shares of Ulta Beauty in the fourth quarter valued at about $27,000. BKM Wealth Management LLC acquired a brand new place in shares of Ulta Beauty in the course of the fourth quarter price about $28,000. Finally, VisionPoint Advisory Group LLC grew its holdings in shares of Ulta Beauty by 7,300.0% in the course of the third quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s inventory price $30,000 after shopping for a further 73 shares in the final quarter. 90.39% of the inventory is at present owned by institutional traders and hedge funds.
Analysts Set New Price Targets
Numerous analysis corporations not too long ago weighed in on ULTA. The Goldman Sachs Group decreased their goal value on shares of Ulta Beauty from $605.00 to $476.00 and set a “impartial” ranking for the corporate in a analysis report on Tuesday, May 14th. BMO Capital Markets dropped their value goal on Ulta Beauty from $540.00 to $500.00 and set a “market carry out” ranking on the inventory in a analysis word on Friday, May thirty first. UBS Group raised their goal value on shares of Ulta Beauty from $575.00 to $690.00 and gave the corporate a “purchase” ranking in a analysis word on Tuesday, March fifth. Morgan Stanley upped their value goal on shares of Ulta Beauty from $480.00 to $525.00 and gave the inventory an “equal weight” ranking in a analysis report on Friday, March fifteenth. Finally, TD Cowen lower their value goal on shares of Ulta Beauty from $520.00 to $500.00 and set a “purchase” ranking for the corporate in a analysis word on Friday, May thirty first. One equities analysis analyst has rated the inventory with a promote ranking, 9 have assigned a maintain ranking, 13 have issued a purchase ranking and one has assigned a powerful purchase ranking to the corporate’s inventory. According to MarketBeat.com, the inventory has a mean ranking of “Moderate Buy” and a consensus goal value of $507.30.

View Our Latest Research Report on ULTA
Ulta Beauty Stock Performance
ULTA opened at $382.59 on Wednesday. The inventory has a fifty day shifting common of $400.01 and a 200-day shifting common of $468.49. The firm has a market capitalization of $18.26 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.69 and a beta of 1.36. Ulta Beauty, Inc. has a fifty-two week low of $368.02 and a fifty-two week excessive of $574.76.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) final launched its quarterly earnings outcomes on Thursday, May thirtieth. The specialty retailer reported $6.47 EPS for the quarter, topping analysts’ consensus estimates of $6.19 by $0.28. The enterprise had income of $2.73 billion for the quarter, in comparison with analyst estimates of $2.72 billion. Ulta Beauty had a web margin of 11.13% and a return on fairness of 58.06%. Ulta Beauty’s income for the quarter was up 3.5% in comparison with the identical quarter final 12 months. During the identical interval final 12 months, the agency earned $6.88 earnings per share. On common, equities analysis analysts predict that Ulta Beauty, Inc. will submit 25.76 earnings per share for the present fiscal 12 months.
Ulta Beauty declared that its Board of Directors has licensed a inventory buyback plan on Thursday, March 14th that authorizes the corporate to repurchase $2.00 billion in shares. This repurchase authorization authorizes the specialty retailer to repurchase as much as 7.3% of its shares by means of open market purchases. Shares repurchase plans are usually an indication that the corporate’s board of administrators believes its shares are undervalued.
About Ulta Beauty
(Free Report)
Ulta Beauty, Inc operates as a specialty magnificence retailer in the United States. The firm presents branded and personal label magnificence merchandise, together with cosmetics, perfume, haircare, skincare, bathtub and physique merchandise, skilled hair merchandise, and salon styling instruments by means of its Ulta Beauty shops, shop-in-shops, Ulta.com web site, and its cellular functions.
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