Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,374 shares of the specialty retailer’s stock after selling 75 shares during the quarter. AMF Tjanstepension AB’s holdings in Ulta Beauty were worth $8,426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ULTA. Sunbelt Securities Inc. lifted its stake in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. lifted its stake in shares of Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares in the last quarter. Edge Capital Group LLC acquired a new position in shares of Ulta Beauty in the fourth quarter worth about $33,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty in the third quarter worth about $41,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty in the fourth quarter worth about $43,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ULTA shares. Wells Fargo & Company boosted their price objective on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a report on Tuesday, January 7th. BMO Capital Markets boosted their price objective on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Bank of America boosted their price objective on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Stifel Nicolaus boosted their price objective on Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Ulta Beauty has a consensus rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Price Performance

ULTA opened at $355.43 on Friday. The company has a market capitalization of $16.48 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The business has a 50 day moving average price of $394.36 and a two-hundred day moving average price of $388.07.

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

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.