Public Employees Retirement System of Ohio Boosts Holdings in Ulta Beauty Inc. $ULTA

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Ulta Beauty Inc. by 5.7% during the second quarter, holding a total of 15,067 shares valued at approximately $7,049,000.
• Analysts have raised their price targets for Ulta Beauty, with new estimates ranging from $425.00 to $640.00, reflecting a consensus average price target of $544.20.
• The company reported strong quarterly earnings with $5.78 EPS, exceeding analyst expectations, and achieved a revenue of $2.79 billion, marking a year-over-year increase of 9.3%.

Public Employees Retirement System of Ohio lifted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 5.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,067 shares of the specialty retailer's stock after buying an additional 813 shares during the period. Public Employees Retirement System of Ohio's holdings in Ulta Beauty were worth $7,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. American National Bank & Trust purchased a new stake in Ulta Beauty in the first quarter valued at $29,000. Wayfinding Financial LLC purchased a new stake in Ulta Beauty in the 1st quarter valued at about $31,000. Rakuten Securities Inc. lifted its position in Ulta Beauty by 218.5% in the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after buying an additional 59 shares during the last quarter. North Star Investment Management Corp. boosted 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 buying an additional 40 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in shares of Ulta Beauty during the first quarter valued at about $36,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on ULTA. Wells Fargo & Company upped their price objective on shares of Ulta Beauty from $400.00 to $425.00 and gave the stock an "underweight" rating in a report on Friday, August 29th. Jefferies Financial Group upped their price target on Ulta Beauty from $425.00 to $550.00 and gave the stock a "hold" rating in a research note on Tuesday, August 26th. Citigroup raised their price target on Ulta Beauty from $450.00 to $550.00 and gave the stock a "neutral" rating in a research report on Monday, August 18th. Evercore ISI boosted their price objective on Ulta Beauty from $595.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Finally, Loop Capital reissued a "hold" rating and set a $510.00 target price on shares of Ulta Beauty in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ulta Beauty presently has an average rating of "Moderate Buy" and a consensus price target of $544.20.

Insider Buying and Selling at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of the business's 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 completion of the transaction, the director owned 2,263 shares in the company, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.39% of the company's stock.

Ulta Beauty Price Performance

ULTA stock opened at $552.00 on Monday. The business's 50-day moving average is $519.00 and its two-hundred day moving average is $451.25. The firm has a market capitalization of $24.75 billion, a P/E ratio of 21.17, a P/E/G ratio of 3.04 and a beta of 1.06. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $552.45.

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

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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