Lansforsakringar Fondforvaltning AB publ Purchases Shares of 15,095 Ulta Beauty, Inc. (NASDAQ:ULTA)

Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,095 shares of the specialty retailer's stock, valued at approximately $6,565,000.

Several other institutional investors have also recently made changes to their positions in ULTA. LaFleur & Godfrey LLC grew its stake in Ulta Beauty by 32.1% in the fourth quarter. LaFleur & Godfrey LLC now owns 2,455 shares of the specialty retailer's stock valued at $1,068,000 after purchasing an additional 596 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in Ulta Beauty by 11.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,714 shares of the specialty retailer's stock valued at $745,000 after acquiring an additional 177 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in Ulta Beauty in the fourth quarter valued at approximately $447,000. Blue Trust Inc. lifted its holdings in Ulta Beauty by 18.8% in the fourth quarter. Blue Trust Inc. now owns 285 shares of the specialty retailer's stock valued at $124,000 after acquiring an additional 45 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Ulta Beauty by 2.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,548 shares of the specialty retailer's stock worth $3,718,000 after buying an additional 185 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Ulta Beauty Trading Up 11.4%

ULTA traded up $47.92 during mid-day trading on Friday, hitting $469.71. 4,593,456 shares of the stock were exchanged, compared to its average volume of 1,061,241. The firm's fifty day moving average is $384.70 and its two-hundred day moving average is $387.99. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $491.32. The company has a market cap of $21.21 billion, a PE ratio of 18.80, a PEG ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted 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 return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the company earned $6.47 EPS. Ulta Beauty's revenue was up 4.5% on a year-over-year basis. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ULTA. Wells Fargo & Company upped their target price on Ulta Beauty from $315.00 to $350.00 and gave the stock an "underweight" rating in a research note on Friday. Robert W. Baird boosted their price target on Ulta Beauty from $440.00 to $525.00 and gave the stock an "outperform" rating in a research report on Friday. Citigroup boosted their price target on Ulta Beauty from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Friday. Bank of America dropped their price target on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Finally, Canaccord Genuity Group boosted their price target on Ulta Beauty from $510.00 to $542.00 and gave the stock a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $454.04.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the sale, the insider now owns 7,632 shares of the company's stock, valued at $2,817,429.12. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by corporate insiders.

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.