Public Sector Pension Investment Board Cuts Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Public Sector Pension Investment Board lessened its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 97.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,086 shares of the specialty retailer's stock after selling 84,560 shares during the quarter. Public Sector Pension Investment Board's holdings in Ulta Beauty were worth $812,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer's stock worth $481,952,000 after purchasing an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board bought a new stake in shares of Ulta Beauty in the 3rd quarter worth approximately $359,480,000. Hsbc Holdings PLC grew its stake in shares of Ulta Beauty by 87.3% in the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer's stock worth $130,380,000 after buying an additional 157,497 shares during the last quarter. Swedbank AB increased its position in Ulta Beauty by 107.0% during the 2nd quarter. Swedbank AB now owns 240,191 shares of the specialty retailer's stock valued at $92,683,000 after buying an additional 124,164 shares in the last quarter. Finally, TD Asset Management Inc raised its stake in Ulta Beauty by 14.1% during the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer's stock valued at $239,545,000 after buying an additional 76,721 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of recent research reports. Wells Fargo & Company increased their target price on Ulta Beauty from $300.00 to $350.00 and gave the stock an "underweight" rating in a research note on Friday. The Goldman Sachs Group cut their price objective on shares of Ulta Beauty from $475.00 to $412.00 and set a "neutral" rating on the stock in a research report on Monday, August 12th. Canaccord Genuity Group lifted their target price on shares of Ulta Beauty from $442.00 to $476.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Stifel Nicolaus increased their price target on shares of Ulta Beauty from $395.00 to $455.00 and gave the company a "hold" rating in a report on Friday. Finally, Piper Sandler boosted their price objective on shares of Ulta Beauty from $357.00 to $360.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $438.00.

Ulta Beauty Stock Up 9.0 %

ULTA traded up $35.30 during midday trading on Friday, reaching $428.17. The company had a trading volume of 3,515,724 shares, compared to its average volume of 998,466. The business has a 50-day moving average of $374.15 and a two-hundred day moving average of $376.64. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The company has a market cap of $20.18 billion, a P/E ratio of 17.13, a P/E/G ratio of 2.46 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its 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 company had revenue of $2.53 billion for 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 52.06%. The firm's revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $5.07 EPS. On average, equities research analysts predict that Ulta Beauty, Inc. will post 23.48 EPS for the current year.

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.