Board of the Pension Protection Fund Makes New Investment in Ulta Beauty Inc. (NASDAQ:ULTA)

Board of the Pension Protection Fund purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 600 shares of the specialty retailer's stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC boosted its position in shares of Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 34 shares during the period. American National Bank & Trust acquired a new position in shares of Ulta Beauty during the 1st quarter worth approximately $29,000. Rakuten Securities Inc. increased its holdings in shares of Ulta Beauty by 218.5% during the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 59 shares during the period. North Star Investment Management Corp. raised its position in shares of Ulta Beauty by 71.4% in the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock valued at $35,000 after buying an additional 40 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Ulta Beauty in the first quarter valued at approximately $37,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the transaction, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $458.27 on Friday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $491.98. The company has a market cap of $20.60 billion, a PE ratio of 17.90, a P/E/G ratio of 2.76 and a beta of 1.09. The firm's 50 day simple moving average is $427.68 and its 200 day simple moving average is $400.30.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.97. The firm 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 revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $6.47 earnings per share. Equities research analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. DA Davidson lifted their price objective on Ulta Beauty from $415.00 to $485.00 and gave the company a "buy" rating in a report on Friday, May 30th. Raymond James Financial reaffirmed an "outperform" rating and issued a $500.00 price target (up previously from $450.00) on shares of Ulta Beauty in a research note on Friday, May 30th. Truist Financial upped their price objective on shares of Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Evercore ISI upped their price target on shares of Ulta Beauty from $465.00 to $490.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Finally, Canaccord Genuity Group increased their price target on shares of Ulta Beauty from $510.00 to $542.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $462.22.

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.

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