XTX Topco Ltd Boosts Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

XTX Topco Ltd increased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 450.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,993 shares of the specialty retailer's stock after buying an additional 7,358 shares during the quarter. XTX Topco Ltd's holdings in Ulta Beauty were worth $3,470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Choreo LLC grew its holdings in shares of Ulta Beauty by 71.7% during the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer's stock valued at $1,103,000 after buying an additional 1,198 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in Ulta Beauty by 120.2% during the 4th quarter. 1832 Asset Management L.P. now owns 14,448 shares of the specialty retailer's stock worth $7,079,000 after purchasing an additional 7,887 shares in the last quarter. Duality Advisers LP increased its holdings in Ulta Beauty by 92.8% during the 1st quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer's stock worth $3,806,000 after purchasing an additional 3,504 shares in the last quarter. Broad Bay Capital Management LP purchased a new stake in shares of Ulta Beauty in the fourth quarter worth approximately $10,412,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Ulta Beauty by 10.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer's stock valued at $46,954,000 after purchasing an additional 8,337 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Up 0.1 %

ULTA traded up $0.57 on Thursday, hitting $403.29. The company's stock had a trading volume of 894,112 shares, compared to its average volume of 940,088. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The firm has a market cap of $19.00 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The company's 50 day simple moving average is $368.23 and its 200-day simple moving average is $409.95.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the business earned $6.02 earnings per share. Ulta Beauty's revenue was up .9% on a year-over-year basis. Equities analysts predict that Ulta Beauty, Inc. will post 23.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several recent research reports. BMO Capital Markets decreased their price target on Ulta Beauty from $500.00 to $385.00 and set a "market perform" rating for the company in a report on Friday, August 30th. Barclays increased their target price on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an "equal weight" rating in a report on Friday, August 30th. Citigroup cut their price target on shares of Ulta Beauty from $375.00 to $345.00 and set a "neutral" rating on the stock in a report on Friday, August 30th. Evercore ISI decreased their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an "outperform" rating for the company in a research note on Monday, August 26th. Finally, Piper Sandler reissued a "neutral" rating and set a $356.00 target price (down previously from $404.00) on shares of Ulta Beauty in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $425.29.

Insider Activity

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 value of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the company's stock in a transaction dated 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 directly owns 6,801 shares in the company, valued at approximately $2,643,412.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now owns 2,017 shares of the company's stock, valued at approximately $786,791.36. The disclosure for this sale can be found here. Company insiders own 0.39% of the company's stock.

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.