Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by XTX Topco Ltd

XTX Topco Ltd grew its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 450.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,993 shares of the specialty retailer’s stock after buying an additional 7,358 shares during the period. XTX Topco Ltd’s holdings in Ulta Beauty were worth $3,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vima LLC purchased a new stake in Ulta Beauty during the fourth quarter worth approximately $27,000. Riverview Trust Co purchased a new stake in shares of Ulta Beauty during the 1st quarter worth approximately $30,000. Sound Income Strategies LLC lifted its position in shares of Ulta Beauty by 490.0% during the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after buying an additional 49 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $31,000. Finally, UMB Bank n.a. grew its position in shares of Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 30 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on ULTA. Bank of America reduced their price target on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Citigroup decreased their target price on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. B. Riley initiated coverage on Ulta Beauty in a research report on Tuesday, September 10th. They set a “sell” rating and a $300.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Finally, The Goldman Sachs Group lowered their target price on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and an average price target of $425.29.

Insiders Place Their Bets

In other news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the transaction, the insider now owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The disclosure for this sale can be found here. 0.39% of the stock is owned by company insiders.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $402.72 on Thursday. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The company has a market cap of $18.98 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The business has a fifty day moving average of $368.18 and a two-hundred day moving average of $410.00.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the prior year, the firm posted $6.02 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. Sell-side analysts predict that Ulta Beauty, Inc. will post 23.21 EPS for the current 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.