Pacer Advisors Inc. Purchases 216,089 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)

Pacer Advisors Inc. lifted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 5,117.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 220,312 shares of the specialty retailer’s stock after purchasing an additional 216,089 shares during the quarter. Pacer Advisors Inc.’s holdings in Ulta Beauty were worth $80,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. American National Bank & Trust acquired a new stake in Ulta Beauty during the first quarter worth $29,000. Wayfinding Financial LLC acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $31,000. Rakuten Securities Inc. lifted its holdings in shares of Ulta Beauty by 218.5% during the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 59 shares during the period. North Star Investment Management Corp. boosted its position in shares of Ulta Beauty by 71.4% during 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, NBC Securities Inc. acquired a new stake in shares of Ulta Beauty during the 1st quarter valued at about $37,000. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ULTA has been the subject of several recent research reports. Robert W. Baird increased their price target on shares of Ulta Beauty from $440.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, May 30th. DA Davidson upped their price objective on Ulta Beauty from $485.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, July 7th. JPMorgan Chase & Co. raised their target price on Ulta Beauty from $477.00 to $525.00 and gave the stock an “overweight” rating in a research report on Friday, May 30th. Raymond James Financial reaffirmed an “outperform” rating and issued a $500.00 price target (up previously from $450.00) on shares of Ulta Beauty in a research note on Friday, May 30th. Finally, Loop Capital reiterated a “buy” rating and set a $510.00 price objective (up from $480.00) on shares of Ulta Beauty in a research note on Monday, June 16th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $465.04.

Ulta Beauty Stock Up 1.1%

ULTA stock opened at $513.55 on Friday. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $514.34. The company has a market cap of $23.08 billion, a P/E ratio of 20.06, a PEG ratio of 3.08 and a beta of 1.08. The business has a fifty day moving average of $462.62 and a 200-day moving average of $407.32.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, topping the consensus estimate of $5.73 by $0.97. The firm 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 company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $6.47 EPS. As a group, equities research analysts anticipate 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.