Ulta Beauty Inc. $ULTA Shares Acquired by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its stake in Ulta Beauty Inc. by 15.6% during the first quarter, bringing their total to 6,591 shares valued at approximately $2.42 million.
• Ulta Beauty's stock is receiving positive outlooks from analysts, with price targets raised by several firms, including a boost from $500 to $575 by Bank of America.
• In the most recent earnings report, Ulta Beauty exceeded expectations with an EPS of $5.78, surpassing the consensus estimate by $0.75, and reported a revenue increase of 9.3% year-over-year.

UniSuper Management Pty Ltd grew its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 15.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,591 shares of the specialty retailer's stock after acquiring an additional 889 shares during the quarter. UniSuper Management Pty Ltd's holdings in Ulta Beauty were worth $2,416,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. American National Bank & Trust acquired a new stake in shares of Ulta Beauty in the first quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new stake in shares of Ulta Beauty in the first quarter valued at approximately $31,000. Rakuten Securities Inc. boosted its holdings in shares of 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 acquiring an additional 59 shares during the period. North Star Investment Management Corp. boosted its holdings in shares of Ulta Beauty by 71.4% in 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 period. Finally, Costello Asset Management INC acquired a new stake in shares of Ulta Beauty in the first quarter valued at approximately $37,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the firm's stock in a transaction 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 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 filing with the SEC, which is available through the SEC website. Insiders own 0.39% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Piper Sandler assumed coverage on Ulta Beauty in a research note on Thursday, September 4th. They set an "overweight" rating and a $590.00 price target for the company. 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. Robert W. Baird upped their price target on Ulta Beauty from $575.00 to $600.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Bank of America upped their price target on Ulta Beauty from $500.00 to $575.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Finally, Barclays upped their price target on Ulta Beauty from $589.00 to $617.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Fourteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ulta Beauty has an average rating of "Hold" and an average target price of $543.13.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $513.85 on Wednesday. The stock has a fifty day moving average price of $506.63 and a two-hundred day moving average price of $434.68. The stock has a market capitalization of $23.04 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 2.86 and a beta of 1.06. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $539.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.03 by $0.75. The firm had revenue of $2.79 billion during 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 revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.30 earnings per share. On average, analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current 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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