Tredje AP fonden Sells 33,250 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)

Key Points

• Tredje AP fonden reduced its stake in Ulta Beauty Inc. by 89.8%, selling 33,250 shares and holding 3,790 shares valued at approximately $1.39 million.
• In Q1, several institutional investors adjusted their stakes, with Federated Hermes Inc. increasing its position by 229.4% to own 213,175 shares valued at $78.14 million.
• Ulta Beauty reported earnings of $6.70 per share for the last quarter, beating estimates, and had revenue of $2.85 billion, reflecting a 4.5% increase year-over-year.

Tredje AP fonden decreased its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 89.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,790 shares of the specialty retailer's stock after selling 33,250 shares during the quarter. Tredje AP fonden's holdings in Ulta Beauty were worth $1,389,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Westside Investment Management Inc. boosted its position in shares of Ulta Beauty by 32.5% in the 1st quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer's stock valued at $40,000 after purchasing an additional 27 shares during the period. Procyon Advisors LLC boosted its position in shares of Ulta Beauty by 4.3% in the 1st quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer's stock valued at $259,000 after purchasing an additional 29 shares during the period. Lido Advisors LLC boosted its position in shares of Ulta Beauty by 5.0% in the 4th quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock valued at $272,000 after purchasing an additional 30 shares during the period. Sagespring Wealth Partners LLC boosted its position in shares of Ulta Beauty by 5.0% in the 1st quarter. Sagespring Wealth Partners LLC now owns 625 shares of the specialty retailer's stock valued at $229,000 after purchasing an additional 30 shares during the period. Finally, LaFleur & Godfrey LLC boosted its position in shares of Ulta Beauty by 1.2% in the 1st quarter. LaFleur & Godfrey LLC now owns 2,485 shares of the specialty retailer's stock valued at $911,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Trading Down 1.4%

NASDAQ:ULTA traded down $7.28 during mid-day trading on Friday, hitting $507.73. 609,772 shares of the company's stock traded hands, compared to its average volume of 546,886. The firm has a 50 day moving average of $475.19 and a two-hundred day moving average of $411.48. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $523.68. The firm has a market capitalization of $22.82 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 3.12 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter last year, the company earned $6.47 EPS. The company's quarterly 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 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wall Street Zen upgraded Ulta Beauty from a "hold" rating to a "buy" rating in a research report on Saturday, June 28th. Barclays increased their price target on 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 price target on Ulta Beauty from $440.00 to $525.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Raymond James Financial reissued an "outperform" rating and issued a $500.00 price objective (up from $450.00) on shares of Ulta Beauty in a research note on Friday, May 30th. Finally, Oppenheimer increased their price objective on Ulta Beauty from $465.00 to $510.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Ulta Beauty has an average rating of "Hold" and a consensus target price of $469.09.

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.