Nordea Investment Management AB Purchases 3,935 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Nordea Investment Management AB increased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,031 shares of the specialty retailer’s stock after acquiring an additional 3,935 shares during the period. Nordea Investment Management AB owned about 0.07% of Ulta Beauty worth $14,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ULTA. Paladin Wealth LLC acquired a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $32,000. Sunbelt Securities Inc. lifted its stake in Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. boosted its position 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 buying an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Ulta Beauty during the third quarter worth $41,000. Finally, American National Bank & Trust acquired a new position in shares of Ulta Beauty during the third quarter worth $44,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Down 3.1 %

Shares of ULTA stock opened at $415.14 on Thursday. The firm has a 50 day moving average of $400.28 and a 200-day moving average of $383.64. The company has a market cap of $19.25 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 2.38 and a beta of 1.28. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The business 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 quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the company posted $5.07 earnings per share. Analysts anticipate that Ulta Beauty, Inc. will post 23.57 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus boosted their price objective on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday. Loop Capital lifted their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday. TD Cowen lifted their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Piper Sandler boosted their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $458.78.

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.