Alecta Tjanstepension Omsesidigt Purchases 65,000 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Alecta Tjanstepension Omsesidigt increased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 516,405 shares of the specialty retailer’s stock after buying an additional 65,000 shares during the quarter. Ulta Beauty accounts for approximately 1.1% of Alecta Tjanstepension Omsesidigt’s investment portfolio, making the stock its 28th largest position. Alecta Tjanstepension Omsesidigt owned approximately 1.10% of Ulta Beauty worth $200,944,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in shares of Ulta Beauty in the first quarter valued at about $30,000. Sound Income Strategies LLC raised its holdings in Ulta Beauty by 490.0% during the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 49 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Ulta Beauty in the 1st quarter worth approximately $31,000. UMB Bank n.a. boosted its stake in shares of Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Ulta Beauty during the second quarter worth $32,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 0.8 %

Shares of ULTA stock traded down $2.80 during trading on Friday, hitting $368.92. The company had a trading volume of 880,606 shares, compared to its average volume of 971,751. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The stock’s 50-day moving average is $373.91 and its two-hundred day moving average is $387.32. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 2.12 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.02 EPS. On average, research analysts predict that Ulta Beauty, Inc. will post 23.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on ULTA. UBS Group cut their price target on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. BMO Capital Markets set a $385.00 target price on Ulta Beauty in a research note on Thursday. B. Riley began coverage on Ulta Beauty in a research note on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price target on the stock. Barclays lifted their price objective on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Finally, The Goldman Sachs Group reduced their price target on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Ulta Beauty has a consensus rating of “Hold” and a consensus price target of $423.71.

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.