Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 1,000 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Ulta Beauty Inc. by 7.6% in the first quarter, after selling 1,000 shares, leaving it with 12,102 shares valued at $4,436,000.
• Several institutional investors, such as Capital World Investors and GAMMA Investing LLC, made significant modifications to their holdings in Ulta Beauty, with GAMMA increasing its stake by an astonishing 38,770.6%.
• Analysts maintain a mixed outlook on Ulta Beauty, with several upgrades in price targets, ranging from $437 to $525, while the average rating remains at "Hold".

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,102 shares of the specialty retailer's stock after selling 1,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Ulta Beauty were worth $4,436,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital World Investors purchased a new stake in Ulta Beauty during the fourth quarter valued at $430,674,000. GAMMA Investing LLC raised its stake in Ulta Beauty by 38,770.6% during the first quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock valued at $162,565,000 after purchasing an additional 442,372 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Ulta Beauty by 81.7% during the first quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer's stock valued at $334,871,000 after purchasing an additional 410,900 shares in the last quarter. Pacer Advisors Inc. raised its stake in Ulta Beauty by 5,117.0% during the first quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer's stock valued at $80,753,000 after purchasing an additional 216,089 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Ulta Beauty during the fourth quarter valued at $73,780,000. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price target on shares of Ulta Beauty from $490.00 to $525.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Loop Capital reissued a "hold" rating and issued a $510.00 target price on shares of Ulta Beauty in a research note on Friday, July 25th. 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 note on Friday, May 30th. Piper Sandler reissued a "neutral" rating and issued a $437.00 target price (up previously from $386.00) on shares of Ulta Beauty in a research note on Friday, May 30th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $520.00 target price on shares of Ulta Beauty in a research note on Friday, July 11th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $475.17.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $521.00 on Friday. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $534.10. The firm's 50-day moving average is $488.32 and its two-hundred day moving average is $418.47. The stock has a market cap of $23.42 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 3.14 and a beta of 1.12.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.97. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The company had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. During the same period in the prior year, the business earned $6.47 EPS. The firm's quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Ulta Beauty Company Profile

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.

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