Truvestments Capital LLC Grows Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Truvestments Capital LLC raised its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 13.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,421 shares of the specialty retailer’s stock after purchasing an additional 170 shares during the quarter. Truvestments Capital LLC’s holdings in Ulta Beauty were worth $553,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Sage Capital Advisors llc lifted its holdings in Ulta Beauty by 5.4% in the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 27 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Ulta Beauty by 4.7% during the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after acquiring an additional 28 shares during the last quarter. UMB Bank n.a. grew its stake in Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 30 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in Ulta Beauty by 5.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock valued at $268,000 after acquiring an additional 33 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its stake in Ulta Beauty by 1.0% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock worth $1,349,000 after purchasing an additional 33 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ULTA has been the subject of a number of research analyst reports. Loop Capital cut their price objective on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. DA Davidson reduced their price target on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Canaccord Genuity Group dropped their price objective on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. TD Cowen decreased their target price on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group dropped their price target on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and an average price target of $420.71.

Ulta Beauty Stock Performance

ULTA stock opened at $362.65 on Tuesday. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The firm has a market cap of $17.09 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 1.94 and a beta of 1.33. The firm has a 50-day simple moving average of $376.27 and a two-hundred day simple moving average of $376.98.

Ulta Beauty (NASDAQ:ULTA) last posted its 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 net margin of 10.68% and a return on equity of 54.02%. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the previous year, the company earned $6.02 EPS. The company’s revenue was up .9% on a year-over-year basis. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.07 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.