Versor Investments LP Purchases Shares of 3,100 Ulta Beauty Inc. $ULTA

Key Points

• Versor Investments LP acquired a new stake in Ulta Beauty Inc.
• Analysts have raised Ulta Beauty's target prices, with Oppenheimer increasing theirs from $510 to $600, reflecting positive growth expectations.
• Ulta Beauty reported a quarterly EPS of $6.70, surpassing estimates, with revenues increasing by 4.5% year-over-year to $2.85 billion.

Versor Investments LP purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,100 shares of the specialty retailer's stock, valued at approximately $1,136,000.

Other large investors have also recently added to or reduced their stakes in the company. American National Bank & Trust acquired a new position in Ulta Beauty in the 1st quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new position in Ulta Beauty in the 1st quarter valued at approximately $31,000. Rakuten Securities Inc. raised its holdings in Ulta Beauty by 218.5% in the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 59 shares in the last quarter. North Star Investment Management Corp. raised its holdings in Ulta Beauty by 71.4% in the 1st 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 in the last quarter. Finally, Costello Asset Management INC acquired a new position in Ulta Beauty in the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ULTA shares. Oppenheimer increased their target price on Ulta Beauty from $510.00 to $600.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Wells Fargo & Company increased their target price on Ulta Beauty from $350.00 to $400.00 and gave the stock an "underweight" rating in a report on Friday. Robert W. Baird increased their target price on Ulta Beauty from $440.00 to $525.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Loop Capital reissued a "hold" rating and issued a $510.00 target price on shares of Ulta Beauty in a report on Friday, July 25th. Finally, Citigroup increased their target price on Ulta Beauty from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $475.17.

Ulta Beauty Stock Performance

Shares of ULTA opened at $521.00 on Monday. The business's fifty day moving average price is $488.32 and its two-hundred day moving average price is $418.47. The firm has a market capitalization of $23.42 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 3.14 and a beta of 1.12. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $534.10.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its 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 company had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $6.47 EPS. As a group, research analysts forecast 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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