Louisbourg Investments Inc. Has $2.93 Million Stock Holdings in Ulta Beauty Inc. $ULTA

Key Points

• Louisbourg Investments Inc. reduced its holdings in Ulta Beauty by 19.4% during the second quarter, now owning 6,270 shares valued at approximately $2.93 million.
• Ulta Beauty reported earnings per share of $5.78 for the last quarter, surpassing the consensus estimate by $0.75, and achieved revenue of $2.79 billion, exceeding expectations as well.
• Multiple research firms have raised their target prices on Ulta Beauty, with Morgan Stanley and DA Davidson setting new targets of $600 and $625 respectively, indicating a positive outlook for the stock.

Louisbourg Investments Inc. decreased its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 19.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,270 shares of the specialty retailer's stock after selling 1,507 shares during the period. Louisbourg Investments Inc.'s holdings in Ulta Beauty were worth $2,933,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. ORG Partners LLC raised its holdings in Ulta Beauty by 17.7% during the second quarter. ORG Partners LLC now owns 153 shares of the specialty retailer's stock worth $72,000 after buying an additional 23 shares during the last quarter. Chesley Taft & Associates LLC raised its holdings in Ulta Beauty by 3.0% during the second quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer's stock worth $390,000 after buying an additional 24 shares during the last quarter. Wambolt & Associates LLC grew its stake in shares of Ulta Beauty by 1.6% in the 1st quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer's stock worth $626,000 after acquiring an additional 26 shares in the last quarter. Westside Investment Management Inc. grew its stake in shares of Ulta Beauty by 32.5% in the 1st quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer's stock worth $40,000 after acquiring an additional 27 shares in the last quarter. Finally, Sagespring Wealth Partners LLC grew its stake in shares of Ulta Beauty by 5.0% in the 1st quarter. Sagespring Wealth Partners LLC now owns 625 shares of the specialty retailer's stock worth $229,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Stock Performance

ULTA opened at $549.28 on Friday. The firm has a market cap of $24.63 billion, a P/E ratio of 21.06, a PEG ratio of 3.09 and a beta of 1.08. The firm has a 50-day moving average of $528.22 and a 200 day moving average of $463.92. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $572.23.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ULTA. Morgan Stanley upped their target price on shares of Ulta Beauty from $550.00 to $600.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. DA Davidson upped their target price on shares of Ulta Beauty from $585.00 to $625.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Loop Capital reiterated a "hold" rating and issued a $510.00 target price on shares of Ulta Beauty in a research note on Friday, July 25th. Barclays upped their target price on shares of Ulta Beauty from $589.00 to $617.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $610.00 target price on shares of Ulta Beauty in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $549.33.

Insiders Place Their Bets

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the transaction, the director owned 2,263 shares in the company, valued at $1,195,837.09. This trade represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by corporate insiders.

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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