Eisler Capital Management Ltd. Raises Stock Position in Ulta Beauty Inc. $ULTA

Key Points

• Eisler Capital Management Ltd. significantly increased its stake in Ulta Beauty by 204.0% during Q1, now owning approximately 0.06% of the company, valued at around $10.5 million.
• Ulta Beauty reported $6.70 earnings per share for its latest quarter, surpassing expectations and showcasing a revenue of $2.85 billion, a 4.5% increase year-over-year.
• Several analysts have recently upgraded their price targets for Ulta Beauty, with UBS raising it from $525 to $640, indicating strong investor confidence in the company's growth potential.

Eisler Capital Management Ltd. boosted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 204.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,756 shares of the specialty retailer's stock after purchasing an additional 19,296 shares during the period. Eisler Capital Management Ltd. owned approximately 0.06% of Ulta Beauty worth $10,544,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ULTA. American National Bank & Trust purchased a new position in Ulta Beauty during the first quarter worth about $29,000. Wayfinding Financial LLC purchased a new position in Ulta Beauty during the first quarter worth about $31,000. Rakuten Securities Inc. raised its stake in 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 stake in Ulta Beauty by 71.4% during the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 40 shares during the period. Finally, NBC Securities Inc. purchased a new position in Ulta Beauty during the first quarter worth about $37,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $526.06 on Wednesday. The stock has a market capitalization of $23.64 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 3.15 and a beta of 1.12. The company has a 50 day moving average price of $496.27 and a 200 day moving average price of $424.13. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $534.10.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating analysts' consensus estimates of $5.73 by $0.97. The firm had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.47 earnings per share. Ulta Beauty has set its FY 2025 guidance at 22.650-23.200 EPS. On average, research analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Ulta Beauty from $525.00 to $640.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Barclays upgraded shares of Ulta Beauty from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $518.00 to $589.00 in a research report on Friday, August 22nd. Evercore ISI lifted their price target on shares of Ulta Beauty from $465.00 to $490.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Piper Sandler reiterated a "neutral" rating and set a $437.00 price target (up from $386.00) on shares of Ulta Beauty in a research report on Friday, May 30th. Finally, Wells Fargo & Company lifted their price target on shares of Ulta Beauty from $350.00 to $400.00 and gave the company an "underweight" rating in a research report on Friday, August 15th. Thirteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ulta Beauty presently has a consensus rating of "Hold" and an average price target of $498.88.

Ulta Beauty 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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