Alecta Tjanstepension Omsesidigt cut its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 488,805 shares of the specialty retailer's stock after selling 27,600 shares during the quarter. Alecta Tjanstepension Omsesidigt owned about 1.08% of Ulta Beauty worth $179,127,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of ULTA. Geode Capital Management LLC lifted its position in shares of 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 worth $520,587,000 after acquiring an additional 11,205 shares during the period. Capital World Investors bought a new stake in shares of Ulta Beauty in the 4th quarter valued at about $430,674,000. Deutsche Bank AG increased its position in shares of Ulta Beauty by 1.4% in the 4th quarter. Deutsche Bank AG now owns 655,561 shares of the specialty retailer's stock valued at $285,123,000 after buying an additional 9,291 shares in the last quarter. Northern Trust Corp increased its holdings in Ulta Beauty by 14.7% during the 4th quarter. Northern Trust Corp now owns 562,155 shares of the specialty retailer's stock worth $244,498,000 after purchasing an additional 72,004 shares in the last quarter. Finally, Norges Bank bought a new position in Ulta Beauty in the fourth quarter valued at $239,432,000. 90.39% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on ULTA. Morgan Stanley upped their price objective on Ulta Beauty from $460.00 to $550.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Truist Financial raised their price target on shares of Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. DA Davidson lifted their price target on shares of Ulta Beauty from $485.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, July 7th. The Goldman Sachs Group upgraded Ulta Beauty from a "neutral" rating to a "buy" rating and upped their price target for the stock from $384.00 to $423.00 in a report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Ulta Beauty from $477.00 to $525.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $465.04.
Read Our Latest Analysis on ULTA
Ulta Beauty Stock Performance
Shares of ULTA traded up $3.13 during trading hours on Tuesday, hitting $500.54. 165,002 shares of the stock were exchanged, compared to its average volume of 1,032,704. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $501.20. The company has a market cap of $22.50 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 2.99 and a beta of 1.08. The stock's 50-day moving average price is $455.14 and its two-hundred day moving average price is $404.92.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the previous year, the firm earned $6.47 earnings per share. The firm's quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.
About Ulta Beauty
(
Free Report)
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.
See Also
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