E. Ohman J or Asset Management AB Sells 700 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

E. Ohman J or Asset Management AB lessened its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 28.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,750 shares of the specialty retailer's stock after selling 700 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Ulta Beauty were worth $641,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings in Ulta Beauty by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,199,935 shares of the specialty retailer's stock valued at $520,587,000 after buying an additional 11,205 shares during the last quarter. Capital World Investors acquired a new stake in Ulta Beauty during the 4th quarter valued at approximately $430,674,000. Deutsche Bank AG increased its position in Ulta Beauty by 1.4% during the 4th quarter. Deutsche Bank AG now owns 655,561 shares of the specialty retailer's stock valued at $285,123,000 after purchasing an additional 9,291 shares during the period. Northern Trust Corp increased its position in Ulta Beauty by 14.7% during the 4th quarter. Northern Trust Corp now owns 562,155 shares of the specialty retailer's stock valued at $244,498,000 after purchasing an additional 72,004 shares during the period. Finally, Norges Bank acquired a new stake in Ulta Beauty during the 4th quarter valued at approximately $239,432,000. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ULTA shares. DA Davidson increased their target price on shares of Ulta Beauty from $415.00 to $485.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Argus downgraded shares of Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Barclays increased their target price on shares of Ulta Beauty from $327.00 to $485.00 and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Robert W. Baird increased their target price on shares of Ulta Beauty from $440.00 to $525.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Finally, Oppenheimer increased their target price on shares of Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $460.91.

Insider Buying and Selling at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the sale, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. The trade was a 10.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.17% of the company's stock.

Ulta Beauty Stock Down 0.3%

NASDAQ:ULTA traded down $1.40 during trading hours on Friday, hitting $465.64. 601,489 shares of the company traded hands, compared to its average volume of 1,049,972. The firm's 50-day simple moving average is $394.80 and its 200-day simple moving average is $391.91. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $491.98. The company has a market cap of $20.93 billion, a PE ratio of 18.63, a PEG ratio of 0.89 and a beta of 1.09.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating the consensus estimate of $5.73 by $0.97. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. During the same period last year, the business earned $6.47 EPS. The business's revenue was up 4.5% on a year-over-year basis. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.