Tredje AP fonden Boosts Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Tredje AP fonden grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 29.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,040 shares of the specialty retailer’s stock after purchasing an additional 8,460 shares during the quarter. Tredje AP fonden owned 0.08% of Ulta Beauty worth $16,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. lifted its stake in Ulta Beauty by 118.4% in 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 during 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 worth $32,000 after acquiring an additional 50 shares during the last quarter. Edge Capital Group LLC purchased a new position in Ulta Beauty in the fourth quarter worth approximately $33,000. Harvest Fund Management Co. Ltd purchased a new position in Ulta Beauty in the third quarter worth approximately $41,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Ulta Beauty in the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ULTA. Wells Fargo & Company raised their price objective on shares of Ulta Beauty from $350.00 to $370.00 and gave the stock an “underweight” rating in a report on Tuesday, January 7th. UBS Group boosted their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Morgan Stanley raised Ulta Beauty from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 19th. Stifel Nicolaus boosted their target price on Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. Finally, Piper Sandler upped their target price on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $329.23 on Thursday. The business has a 50 day simple moving average of $388.78 and a 200-day simple moving average of $387.32. The stock has a market capitalization of $15.27 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76.

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.