Swiss National Bank Sells 2,300 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)

Key Points

• The Swiss National Bank reduced its stake in Ulta Beauty Inc. by 1.7%, selling 2,300 shares and now owning 130,800 shares valued at approximately $47.9 million.
• Recent analyst ratings depict a consensus of "Hold" on Ulta Beauty, with a price target range of $364.00 to $525.00 from various institutions.
• Ulta Beauty reported a quarterly EPS of $6.70, exceeding estimates, and a year-over-year revenue increase of 4.5%, totaling $2.85 billion.

Swiss National Bank decreased its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,800 shares of the specialty retailer's stock after selling 2,300 shares during the period. Swiss National Bank owned approximately 0.29% of Ulta Beauty worth $47,943,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. American National Bank & Trust bought a new position in Ulta Beauty during the first quarter valued at $29,000. Wayfinding Financial LLC bought a new position in Ulta Beauty during the first quarter valued at $31,000. Rakuten Securities Inc. increased its position in Ulta Beauty by 218.5% during the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 59 shares during the last quarter. North Star Investment Management Corp. increased its position 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 valued at $35,000 after acquiring an additional 40 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in Ulta Beauty during the first quarter valued at $37,000. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $520.00 price objective on shares of Ulta Beauty in a research report on Friday, July 11th. Barclays upped their price target on shares of Ulta Beauty from $327.00 to $485.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. UBS Group upped their price target on shares of Ulta Beauty from $490.00 to $525.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Truist Financial upped their price target on shares of Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Finally, Oppenheimer upped their price target on shares of Ulta Beauty from $465.00 to $510.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $469.09.

Ulta Beauty Stock Performance

ULTA stock opened at $498.21 on Monday. The firm has a market cap of $22.39 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 3.01 and a beta of 1.12. The firm has a 50-day simple moving average of $483.37 and a two-hundred day simple moving average of $414.83. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $523.68.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, beating the consensus estimate of $5.73 by $0.97. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $6.47 earnings per share. As a group, equities analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

About Ulta Beauty

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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