Forsta AP Fonden Has $4.35 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Forsta AP Fonden trimmed its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,000 shares of the specialty retailer’s stock after selling 200 shares during the quarter. Forsta AP Fonden’s holdings in Ulta Beauty were worth $4,349,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ULTA. Paladin Wealth LLC bought a new stake in shares of Ulta Beauty during the third quarter worth $32,000. Sunbelt Securities Inc. boosted its holdings in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. grew its position in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Ulta Beauty in the 3rd quarter worth about $41,000. Finally, Future Financial Wealth Managment LLC bought a new position in Ulta Beauty in the fourth quarter valued at about $43,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ULTA shares. JPMorgan Chase & Co. boosted their price target on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Bank of America lifted their price target on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Citigroup increased their price objective on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Canaccord Genuity Group raised their target price on Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Price Performance

ULTA stock opened at $412.15 on Friday. The company’s 50-day moving average is $413.45 and its 200-day moving average is $385.98. The stock has a market capitalization of $19.11 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.07 earnings per share. On average, analysts anticipate that Ulta Beauty, Inc. will post 23.99 earnings per share 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.