Robeco Institutional Asset Management B.V. Acquires 47,486 Shares of Ulta Beauty Inc. $ULTA

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Ulta Beauty by 112.4%, acquiring an additional 47,486 shares, and now holds 89,722 shares valued at approximately $41.97 million.
• Several other institutional investors also enhanced their stakes in Ulta Beauty, with 90.39% of the stock now owned by hedge funds and institutional investors.
• Analyst ratings show a mix of optimism, with a consensus rating of "Moderate Buy" and a target price of $544.20, while shares recently opened at $556.45.

Robeco Institutional Asset Management B.V. grew its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 112.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,722 shares of the specialty retailer's stock after purchasing an additional 47,486 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.20% of Ulta Beauty worth $41,974,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GC Wealth Management RIA LLC purchased a new stake in Ulta Beauty during the second quarter worth about $1,156,000. Sound Income Strategies LLC increased its stake in shares of Ulta Beauty by 103.4% during the 2nd quarter. Sound Income Strategies LLC now owns 120 shares of the specialty retailer's stock worth $56,000 after purchasing an additional 61 shares during the last quarter. Financial Partners Group LLC bought a new stake in shares of Ulta Beauty in the 2nd quarter worth approximately $219,000. Tempus Wealth Planning LLC lifted its stake in Ulta Beauty by 15.9% in the second quarter. Tempus Wealth Planning LLC now owns 1,454 shares of the specialty retailer's stock valued at $680,000 after purchasing an additional 200 shares during the last quarter. Finally, ORG Partners LLC lifted its stake in Ulta Beauty by 17.7% in the second quarter. ORG Partners LLC now owns 153 shares of the specialty retailer's stock valued at $72,000 after purchasing an additional 23 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ULTA. Piper Sandler started coverage on Ulta Beauty in a research report on Thursday, September 4th. They issued an "overweight" rating and a $590.00 target price for the company. UBS Group lifted their price objective on Ulta Beauty from $640.00 to $680.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Raymond James Financial reaffirmed an "outperform" rating and set a $605.00 price objective (up from $580.00) on shares of Ulta Beauty in a report on Friday, August 29th. Wall Street Zen lowered shares of Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. Finally, Evercore ISI boosted their price target on shares of Ulta Beauty from $595.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $544.20.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $556.45 on Friday. The firm has a market capitalization of $24.95 billion, a PE 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 firm has a fifty day moving average of $523.68 and a 200 day moving average of $456.83.

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

Insiders Place Their Bets

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.