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

Forsta AP Fonden lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,000 shares of the specialty retailer’s stock after selling 200 shares during the period. Forsta AP Fonden’s holdings in Ulta Beauty were worth $4,349,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Paladin Wealth LLC bought a new stake in shares of Ulta Beauty during the 3rd quarter worth approximately $32,000. Sunbelt Securities Inc. raised its position in Ulta Beauty by 118.4% during 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 Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Ulta Beauty in the third quarter valued at $41,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Ulta Beauty during the 4th quarter worth about $43,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $412.15 on Friday. The stock has a market capitalization of $19.11 billion, a P/E ratio of 16.49, a PEG ratio of 0.98 and a beta of 1.28. The stock’s fifty day moving average is $413.45 and its 200 day moving average is $385.98. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $5.07 EPS. Equities research analysts forecast that Ulta Beauty, Inc. will post 23.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. B. Riley upgraded shares of Ulta Beauty from a “sell” rating to a “neutral” rating and raised their target price for the company from $330.00 to $430.00 in a research note on Tuesday, January 7th. Barclays lifted their target price on Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. Piper Sandler increased their price target on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. DA Davidson lifted their price objective on shares of Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and an average price target of $459.22.

About Ulta Beauty

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.