Truvestments Capital LLC Increases Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Truvestments Capital LLC boosted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 13.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,421 shares of the specialty retailer’s stock after acquiring an additional 170 shares during the quarter. Truvestments Capital LLC’s holdings in Ulta Beauty were worth $553,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ULTA. Sage Capital Advisors llc increased 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 buying an additional 27 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Ulta Beauty by 4.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after acquiring an additional 28 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 30 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of Ulta Beauty by 5.0% during the second quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock worth $268,000 after purchasing an additional 33 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its position in Ulta Beauty by 1.0% during the second quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock valued at $1,349,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 7.2 %

Shares of ULTA stock opened at $362.65 on Tuesday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company’s 50-day moving average price is $376.27 and its 200-day moving average price is $376.98. The stock 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.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). The firm had revenue of $2.55 billion during 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%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.02 earnings per share. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ULTA shares. Wells Fargo & Company decreased their price objective on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, August 30th. Barclays upped their price objective on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Piper Sandler boosted their target price on shares of Ulta Beauty from $356.00 to $357.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Bank of America dropped their price target on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $450.00 price objective on shares of Ulta Beauty in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $420.71.

Ulta Beauty Company 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.