Ulta Beauty Inc. $ULTA Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB lifted its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 2.1% during the second quarter, Holdings Channel reports. The fund owned 41,694 shares of the specialty retailer’s stock after buying an additional 868 shares during the quarter. Nordea Investment Management AB’s holdings in Ulta Beauty were worth $19,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ULTA. Price T Rowe Associates Inc. MD increased its stake in shares of Ulta Beauty by 128.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock worth $449,021,000 after acquiring an additional 688,267 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Ulta Beauty by 81.7% in the first quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock worth $334,871,000 after acquiring an additional 410,900 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Ulta Beauty by 64.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock worth $341,453,000 after acquiring an additional 366,147 shares during the period. Pacer Advisors Inc. increased its stake in shares of Ulta Beauty by 5,117.0% in the first quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer’s stock worth $80,753,000 after acquiring an additional 216,089 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Ulta Beauty by 237.7% during the first quarter. AQR Capital Management LLC now owns 270,420 shares of the specialty retailer’s stock worth $96,674,000 after buying an additional 190,353 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Down 0.7%

ULTA opened at $533.51 on Monday. The company has a market cap of $23.92 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 2.94 and a beta of 1.08. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $572.23. The firm’s fifty day simple moving average is $531.17 and its two-hundred day simple moving average is $471.12.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.03 by $0.75. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm posted $5.30 earnings per share. On average, research analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Oppenheimer increased their price target on shares of Ulta Beauty from $510.00 to $600.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Telsey Advisory Group reissued an “outperform” rating and set a $610.00 price target on shares of Ulta Beauty in a report on Friday. Raymond James Financial reissued an “outperform” rating and set a $605.00 price target (up from $580.00) on shares of Ulta Beauty in a report on Friday, August 29th. Bank of America increased their price target on shares of Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Finally, Cowen reissued a “hold” rating on shares of Ulta Beauty in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $550.38.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the transaction, the director directly owned 2,263 shares of the company’s stock, valued at $1,195,837.09. This trade represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.39% of the stock is currently owned by insiders.

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.