Nordea Investment Management AB Has $14.02 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Nordea Investment Management AB boosted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,031 shares of the specialty retailer’s stock after buying an additional 3,935 shares during the period. Nordea Investment Management AB’s holdings in Ulta Beauty were worth $14,015,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Paladin Wealth LLC bought a new stake in shares of Ulta Beauty during the third quarter worth about $32,000. Sunbelt Securities Inc. increased its holdings in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. increased its holdings in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ulta Beauty in the third quarter worth approximately $41,000. Finally, American National Bank & Trust bought a new position in shares of Ulta Beauty in the third quarter valued at approximately $44,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several recent research reports. UBS Group upped their price target on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. William Blair lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Raymond James dropped their price target on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. BMO Capital Markets upped their price objective on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus lifted their target price on shares of Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ulta Beauty has a consensus rating of “Hold” and an average price target of $458.78.

Ulta Beauty Stock Down 3.1 %

Shares of NASDAQ:ULTA opened at $415.14 on Thursday. The firm has a market capitalization of $19.25 billion, a PE ratio of 16.61, a P/E/G ratio of 2.38 and a beta of 1.28. The company has a 50-day moving average price of $400.28 and a two-hundred day moving average price of $383.64. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the firm earned $5.07 EPS. Ulta Beauty’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts anticipate that Ulta Beauty, Inc. will post 23.57 earnings per share for the current fiscal year.

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.