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

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 7.6% during the first quarter, Holdings Channel reports. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Wambolt & Associates LLC boosted its holdings in shares of Ulta Beauty by 1.6% in the 1st quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer’s stock valued at $626,000 after buying an additional 26 shares in the last quarter. Westside Investment Management Inc. raised 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 last quarter. Procyon Advisors LLC raised 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 last quarter. Lido Advisors LLC raised 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 last quarter. Finally, Sagespring Wealth Partners LLC raised 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 last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ULTA has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Ulta Beauty from $477.00 to $525.00 and gave the company an “overweight” rating in a research report on Friday, May 30th. Evercore ISI increased their price objective on shares of Ulta Beauty from $465.00 to $490.00 and gave the company an “outperform” rating in a research report on Friday, May 30th. Robert W. Baird increased their price objective on shares of Ulta Beauty from $440.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, May 30th. UBS Group increased their price objective on shares of Ulta Beauty from $490.00 to $525.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Finally, Citigroup increased their price objective on shares of Ulta Beauty from $425.00 to $450.00 and gave the company a “neutral” rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and an average price target of $475.17.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $521.00 on Friday. The firm has a market cap of $23.42 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 3.14 and a beta of 1.12. The company has a 50 day moving average price of $488.32 and a 200-day moving average price of $418.47. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $534.10.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating the consensus estimate of $5.73 by $0.97. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $6.47 EPS. On average, sell-side analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Ulta Beauty 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.