Nordea Investment Management AB Acquires 16,845 Shares of Ulta Beauty Inc. $ULTA

Nordea Investment Management AB raised its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 78.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,421 shares of the specialty retailer’s stock after purchasing an additional 16,845 shares during the quarter. Nordea Investment Management AB’s holdings in Ulta Beauty were worth $23,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Ulta Beauty during the 2nd quarter worth $258,791,000. Holocene Advisors LP boosted its stake in Ulta Beauty by 339.6% in the third quarter. Holocene Advisors LP now owns 379,939 shares of the specialty retailer’s stock valued at $207,732,000 after buying an additional 293,516 shares in the last quarter. Andra AP fonden boosted its stake in Ulta Beauty by 351,900.0% in the third quarter. Andra AP fonden now owns 228,800 shares of the specialty retailer’s stock valued at $125,096,000 after buying an additional 228,735 shares in the last quarter. Invesco Ltd. grew its position in Ulta Beauty by 33.6% in the third quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock valued at $459,479,000 after acquiring an additional 211,485 shares during the last quarter. Finally, Caisse de depot et placement du Quebec grew its position in Ulta Beauty by 249.8% in the third quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer’s stock valued at $161,747,000 after acquiring an additional 211,266 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. UBS Group reissued a “buy” rating and issued a $810.00 target price on shares of Ulta Beauty in a report on Friday, March 13th. Morgan Stanley decreased their price target on shares of Ulta Beauty from $750.00 to $700.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. B. Riley Financial reiterated a “neutral” rating on shares of Ulta Beauty in a research report on Monday, December 8th. DA Davidson increased their price objective on shares of Ulta Beauty from $625.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Jefferies Financial Group initiated coverage on shares of Ulta Beauty in a research report on Wednesday, January 14th. They issued a “hold” rating and a $700.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $671.27.

Ulta Beauty Trading Down 0.2%

NASDAQ:ULTA opened at $515.22 on Wednesday. The stock has a market cap of $22.86 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 1.90 and a beta of 0.82. The stock’s 50-day moving average is $646.98 and its 200-day moving average is $587.87. Ulta Beauty Inc. has a 1-year low of $323.36 and a 1-year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 12th. The specialty retailer reported $8.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.93 by $0.08. Ulta Beauty had a net margin of 9.31% and a return on equity of 43.56%. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the business earned $8.46 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.050-28.550 EPS. As a group, equities analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Ulta Beauty Profile

Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.