Swedbank AB Acquires 81,414 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Swedbank AB raised its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 33.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 321,605 shares of the specialty retailer’s stock after acquiring an additional 81,414 shares during the quarter. Swedbank AB owned about 0.68% of Ulta Beauty worth $125,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ULTA. Global Assets Advisory LLC bought a new stake in Ulta Beauty during the 1st quarter valued at $176,753,000. Hsbc Holdings PLC increased its holdings in shares of Ulta Beauty by 87.3% in the second quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after purchasing an additional 157,497 shares during the period. Boston Partners increased its holdings in shares of Ulta Beauty by 47.7% in the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock worth $246,862,000 after purchasing an additional 153,727 shares during the period. TD Asset Management Inc increased its holdings in shares of Ulta Beauty by 33.6% in the first quarter. TD Asset Management Inc now owns 544,072 shares of the specialty retailer’s stock worth $284,484,000 after purchasing an additional 136,725 shares during the period. Finally, Epoch Investment Partners Inc. increased its holdings in shares of Ulta Beauty by 26.4% in the second quarter. Epoch Investment Partners Inc. now owns 356,128 shares of the specialty retailer’s stock worth $137,419,000 after purchasing an additional 74,319 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 0.0 %

NASDAQ ULTA opened at $369.49 on Wednesday. The company has a 50-day simple moving average of $371.05 and a two-hundred day simple moving average of $388.66. The firm has a market cap of $17.63 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 2.05 and a beta of 1.32. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.02 earnings per share. Equities analysts expect that Ulta Beauty, Inc. will post 23.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ULTA shares. Barclays upped their price target on shares of Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Wells Fargo & Company decreased their price target on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, August 30th. UBS Group cut their target price on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Oppenheimer cut their target price on shares of Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $423.67.

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.