XTX Topco Ltd Invests $407,000 in Ulta Beauty Inc. $ULTA

XTX Topco Ltd acquired a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 871 shares of the specialty retailer’s stock, valued at approximately $407,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. J. Safra Sarasin Holding AG grew its stake in shares of Ulta Beauty by 167.8% in the second quarter. J. Safra Sarasin Holding AG now owns 4,513 shares of the specialty retailer’s stock worth $2,111,000 after acquiring an additional 2,828 shares in the last quarter. Ascent Group LLC purchased a new position in Ulta Beauty in the second quarter valued at $395,000. Allegiance Financial Group Advisory Services LLC acquired a new position in Ulta Beauty during the 2nd quarter worth $306,000. Atria Investments Inc increased its holdings in Ulta Beauty by 14.7% during the 2nd quarter. Atria Investments Inc now owns 4,051 shares of the specialty retailer’s stock worth $1,895,000 after purchasing an additional 518 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in Ulta Beauty during the 2nd quarter worth about $262,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Telsey Advisory Group reissued an “outperform” rating and set a $640.00 price objective (up from $610.00) on shares of Ulta Beauty in a research report on Monday, December 1st. DA Davidson boosted their price target on shares of Ulta Beauty from $625.00 to $650.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer increased their price objective on shares of Ulta Beauty from $600.00 to $615.00 and gave the company an “outperform” rating in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Fourteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $560.88.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $601.50 on Friday. The firm’s fifty day moving average price is $532.44 and its 200 day moving average price is $505.96. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $611.90. The company has a market capitalization of $26.97 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 3.53 and a beta of 0.87.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $0.53. Ulta Beauty had a net margin of 9.93% and a return on equity of 47.46%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm posted $5.14 earnings per share. Ulta Beauty’s revenue for the quarter was up 12.9% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, sell-side analysts forecast that Ulta Beauty Inc. will post 23.96 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.