ASR Vermogensbeheer N.V. Takes Position in Ulta Beauty Inc. (NASDAQ:ULTA)

Key Points

• ASR Vermogensbeheer N.V. has invested approximately $983,000 in Ulta Beauty Inc. by purchasing 2,683 shares during the 1st quarter.
• Ulta Beauty reported a quarterly earnings per share (EPS) of $6.70, exceeding the estimate of $5.73, with revenue of $2.85 billion for the quarter, marking a 4.5% increase year-over-year.
• Several analysts have raised their target prices for Ulta Beauty, with UBS Group increasing their target from $490 to $525 and maintaining a "buy" rating.

ASR Vermogensbeheer N.V. acquired a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,683 shares of the specialty retailer's stock, valued at approximately $983,000.

A number of other hedge funds have also made changes to their positions in the stock. Citizens Financial Group Inc. RI raised its stake in Ulta Beauty by 5.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 2,219 shares of the specialty retailer's stock valued at $813,000 after purchasing an additional 105 shares during the period. Nicholas Hoffman & Company LLC. raised its position in shares of Ulta Beauty by 33.2% during the first quarter. Nicholas Hoffman & Company LLC. now owns 2,005 shares of the specialty retailer's stock valued at $735,000 after buying an additional 500 shares during the last quarter. Costello Asset Management INC acquired a new position in shares of Ulta Beauty during the first quarter valued at about $37,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its position in shares of Ulta Beauty by 14.3% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 400 shares of the specialty retailer's stock valued at $147,000 after buying an additional 50 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp raised its position in shares of Ulta Beauty by 95.4% during the first quarter. UNIVEST FINANCIAL Corp now owns 20,676 shares of the specialty retailer's stock valued at $7,579,000 after buying an additional 10,094 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Stock Up 3.5%

ULTA traded up $17.32 during trading on Tuesday, hitting $516.02. The company had a trading volume of 845,306 shares, compared to its average volume of 884,329. The company has a market capitalization of $23.20 billion, a PE ratio of 20.16, a PEG ratio of 3.01 and a beta of 1.12. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $523.68. The firm's 50-day moving average price is $483.83 and its 200 day moving average price is $415.40.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $6.47 EPS. Sell-side analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ULTA has been the subject of a number of research analyst reports. Argus lowered shares of Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. UBS Group upped their price objective on shares of Ulta Beauty from $490.00 to $525.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Truist Financial increased their price target on shares of Ulta Beauty from $364.00 to $386.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Wall Street Zen cut shares of Ulta Beauty from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Canaccord Genuity Group increased their price target on Ulta Beauty from $542.00 to $600.00 and gave the company a "buy" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned 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 $473.00.

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.