Versor Investments LP Purchases Shares of 2,039 Ulta Beauty, Inc. (NASDAQ:ULTA)

Versor Investments LP acquired a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,039 shares of the specialty retailer's stock, valued at approximately $793,000.

A number of other hedge funds have also recently bought and sold shares of the company. Choreo LLC increased its holdings in shares of Ulta Beauty by 71.7% during the 2nd quarter. Choreo LLC now owns 2,868 shares of the specialty retailer's stock worth $1,103,000 after buying an additional 1,198 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Ulta Beauty by 10.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer's stock worth $46,954,000 after acquiring an additional 8,337 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Ulta Beauty in the 2nd quarter worth about $19,136,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Ulta Beauty by 5.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer's stock valued at $1,072,000 after purchasing an additional 139 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Ulta Beauty by 24.8% during the 1st quarter. Sei Investments Co. now owns 54,124 shares of the specialty retailer's stock worth $28,301,000 after purchasing an additional 10,756 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ULTA shares. The Goldman Sachs Group reduced their target price on shares of Ulta Beauty from $475.00 to $412.00 and set a "neutral" rating on the stock in a report on Monday, August 12th. Bank of America decreased their target price on Ulta Beauty from $425.00 to $380.00 and set a "neutral" rating for the company in a research report on Friday, August 30th. Telsey Advisory Group reiterated an "outperform" rating and set a $450.00 target price on shares of Ulta Beauty in a report on Thursday, October 17th. Stifel Nicolaus upped their price target on Ulta Beauty from $385.00 to $395.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Finally, Evercore ISI dropped their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an "outperform" rating on the stock in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $420.71.

Ulta Beauty Stock Up 0.7 %

Ulta Beauty stock traded up $2.48 during trading hours on Wednesday, hitting $382.27. 248,594 shares of the company traded hands, compared to its average volume of 959,901. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The firm has a market cap of $18.01 billion, a P/E ratio of 15.38, a P/E/G ratio of 2.18 and a beta of 1.33. The firm's 50-day simple moving average is $379.28 and its two-hundred day simple moving average is $379.63.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted 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). The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. Ulta Beauty's revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.02 EPS. On average, equities research analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share 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.