Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 6.0% in the fourth quarter, HoldingsChannel reports. The fund owned 133,100 shares of the specialty retailer’s stock after selling 8,500 shares during the quarter. Swiss National Bank’s holdings in Ulta Beauty were worth $57,889,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Truvestments Capital LLC lifted its holdings in shares of Ulta Beauty by 32.4% in the fourth quarter. Truvestments Capital LLC now owns 1,882 shares of the specialty retailer’s stock valued at $819,000 after buying an additional 461 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Ulta Beauty by 32.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 601 shares of the specialty retailer’s stock valued at $261,000 after acquiring an additional 147 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Ulta Beauty by 10.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,433 shares of the specialty retailer’s stock valued at $1,928,000 after purchasing an additional 414 shares in the last quarter. Wealth High Governance Capital Ltda bought a new position in shares of Ulta Beauty during the 4th quarter valued at about $6,741,000. Finally, SPX Gestao de Recursos Ltda acquired a new position in shares of Ulta Beauty in the 4th quarter worth approximately $522,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA opened at $357.48 on Friday. The company has a 50-day simple moving average of $385.01 and a 200-day simple moving average of $386.80. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $544.36. The firm has a market capitalization of $16.58 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $8.08 EPS. As a group, equities analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citigroup raised their target price on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. TD Cowen raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Stifel Nicolaus cut their target price on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a research report on Friday. Oppenheimer lifted their price target on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Barclays cut their price objective on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $431.13.

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.