J. Safra Sarasin Holding AG Has $2.11 Million Stock Holdings in Ulta Beauty Inc. $ULTA

Key Points

• J. Safra Sarasin Holding AG increased its stake in Ulta Beauty Inc. by 167.8% in the 2nd quarter, owning 4,513 shares worth approximately $2.11 million as of their latest filing.
• Several institutional investors expanded their positions in Ulta Beauty during the 1st quarter, with Price T Rowe Associates notably increasing its stake by 128.2%.
• Ulta Beauty recently reported earnings of $5.78 per share, exceeding estimates, and a revenue of $2.79 billion, up 9.3% year-over-year.

J. Safra Sarasin Holding AG grew its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 167.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,513 shares of the specialty retailer's stock after buying an additional 2,828 shares during the period. J. Safra Sarasin Holding AG's holdings in Ulta Beauty were worth $2,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in shares of Ulta Beauty by 128.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer's stock worth $449,021,000 after buying an additional 688,267 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Ulta Beauty by 64.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer's stock worth $341,453,000 after acquiring an additional 366,147 shares during the period. JPMorgan Chase & Co. grew its holdings in Ulta Beauty by 81.7% during the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer's stock worth $334,871,000 after acquiring an additional 410,900 shares during the period. Invesco Ltd. grew its holdings in Ulta Beauty by 10.9% during the 1st quarter. Invesco Ltd. now owns 813,639 shares of the specialty retailer's stock worth $298,231,000 after acquiring an additional 79,666 shares during the period. Finally, Swedbank AB grew its holdings in Ulta Beauty by 17.4% during the 2nd quarter. Swedbank AB now owns 545,050 shares of the specialty retailer's stock worth $254,985,000 after acquiring an additional 80,734 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of Ulta Beauty stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the transaction, the director directly owned 2,263 shares of the company's stock, valued at $1,195,837.09. The trade was a 18.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. The Goldman Sachs Group raised their target price on Ulta Beauty from $530.00 to $584.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Piper Sandler started coverage on shares of Ulta Beauty in a research report on Thursday, September 4th. They set an "overweight" rating and a $590.00 price objective for the company. DA Davidson raised their price target on shares of Ulta Beauty from $585.00 to $625.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Raymond James Financial restated an "outperform" rating and issued a $605.00 price target (up from $580.00) on shares of Ulta Beauty in a report on Friday, August 29th. Finally, Jefferies Financial Group raised their price target on shares of Ulta Beauty from $425.00 to $550.00 and gave the stock a "hold" rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $544.20.

Ulta Beauty Stock Performance

ULTA stock opened at $556.45 on Friday. The company has a market capitalization of $24.95 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 3.07 and a beta of 1.08. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $562.11. The business has a 50-day simple moving average of $523.68 and a two-hundred day simple moving average of $456.83.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.03 by $0.75. The company had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.Ulta Beauty's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.30 earnings per share. As a group, sell-side analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal 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.

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