Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,102 shares of the specialty retailer’s stock after selling 700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ulta Beauty were worth $5,698,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Ontario Teachers Pension Plan Board acquired a new stake in Ulta Beauty in the 3rd quarter valued at about $359,480,000. Holocene Advisors LP raised its holdings in shares of Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after purchasing an additional 335,914 shares in the last quarter. Atreides Management LP bought a new stake in shares of Ulta Beauty in the 3rd quarter worth approximately $73,069,000. Assenagon Asset Management S.A. lifted its stake in Ulta Beauty by 258.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock valued at $54,884,000 after purchasing an additional 90,972 shares during the last quarter. Finally, Swedbank AB boosted its holdings in Ulta Beauty by 33.9% during the third quarter. Swedbank AB now owns 321,605 shares of the specialty retailer’s stock worth $125,143,000 after buying an additional 81,414 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $363.89 on Tuesday. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The business’s 50-day moving average price is $407.66 and its two-hundred day moving average price is $387.80. The company has a market capitalization of $16.87 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the company earned $5.07 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ULTA. Piper Sandler upped their price target on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Citigroup boosted their target price on Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Wells Fargo & Company increased their price target on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research report on Tuesday, January 7th. Telsey Advisory Group restated an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 7th. Finally, BMO Capital Markets upped their price objective on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $459.22.

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.