Versor Investments LP Trims Stock Holdings in Ulta Beauty Inc. $ULTA

Versor Investments LP lessened its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 13.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,695 shares of the specialty retailer’s stock after selling 405 shares during the period. Versor Investments LP’s holdings in Ulta Beauty were worth $1,261,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hemington Wealth Management boosted its holdings in shares of Ulta Beauty by 142.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 40 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Ulta Beauty during the 1st quarter valued at $31,000. Ransom Advisory Ltd bought a new stake in shares of Ulta Beauty during the 1st quarter valued at $36,000. Costello Asset Management INC bought a new stake in shares of Ulta Beauty during the 1st quarter valued at $37,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Ulta Beauty by 178.4% during the 1st quarter. Larson Financial Group LLC now owns 103 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 66 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $519.88 on Friday. The company has a market cap of $23.31 billion, a P/E ratio of 19.93, a PEG ratio of 2.86 and a beta of 1.08. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $572.23. The stock’s fifty day moving average price is $531.05 and its 200-day moving average price is $482.74.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.03 by $0.75. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.30 EPS. On average, sell-side analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on ULTA shares. DA Davidson boosted their target price on shares of Ulta Beauty from $585.00 to $625.00 and gave the company a “buy” rating in a report on Friday, August 29th. Morgan Stanley boosted their target price on shares of Ulta Beauty from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Bank of America upped their price target on shares of Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Piper Sandler initiated coverage on shares of Ulta Beauty in a research note on Thursday, September 4th. They issued an “overweight” rating and a $590.00 price target on the stock. Finally, Barclays upped their price target on shares of Ulta Beauty from $589.00 to $617.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $550.38.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the transaction, the director owned 2,263 shares in the company, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

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.