JB Capital LLC Raises Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

JB Capital LLC raised its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,757 shares of the specialty retailer’s stock after purchasing an additional 951 shares during the period. JB Capital LLC’s holdings in Ulta Beauty were worth $3,018,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. boosted 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 buying an additional 30 shares during the period. LRI Investments LLC bought a new stake in shares of Ulta Beauty during the 1st quarter valued at about $31,000. Innealta Capital LLC bought a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $32,000. Paladin Wealth LLC purchased a new position in shares of Ulta Beauty during the third quarter worth about $32,000. Finally, Oakworth Capital Inc. bought a new position in shares of Ulta Beauty in the second quarter worth approximately $36,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on ULTA. Wells Fargo & Company cut their price target on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, August 30th. The Goldman Sachs Group decreased their price target on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. B. Riley began coverage on shares of Ulta Beauty in a report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 target price on the stock. TD Cowen dropped their price target on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $450.00 price objective on shares of Ulta Beauty in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $420.71.

Ulta Beauty Trading Up 0.9 %

ULTA stock traded up $3.33 on Thursday, hitting $390.86. The company had a trading volume of 120,849 shares, compared to its average volume of 962,632. The stock has a market cap of $18.42 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 2.21 and a beta of 1.33. The stock’s 50-day simple moving average is $377.14 and its 200 day simple moving average is $380.63. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm 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 firm earned $6.02 EPS. The business’s revenue was up .9% on a year-over-year basis. Research analysts forecast that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

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.