Lecap Asset Management Ltd. Acquires Shares of 1,775 Ulta Beauty, Inc. (NASDAQ:ULTA)

Lecap Asset Management Ltd. acquired a new stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,775 shares of the specialty retailer’s stock, valued at approximately $691,000.

Other hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC lifted its stake in Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 49 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Ulta Beauty in the 1st quarter valued at about $31,000. UMB Bank n.a. increased its holdings in shares of Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares during the period. Innealta Capital LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at about $32,000. Finally, Paladin Wealth LLC acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at about $32,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Trading Up 0.0 %

ULTA opened at $367.18 on Friday. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The stock has a market capitalization of $17.30 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 2.10 and a beta of 1.32. The business has a 50 day moving average of $376.31 and a 200-day moving average of $384.77.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data 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). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the company posted $6.02 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. Equities analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ULTA shares. Citigroup dropped their target price on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Barclays increased their price objective on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Robert W. Baird dropped their price objective on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. JPMorgan Chase & Co. increased their price objective on Ulta Beauty from $450.00 to $472.00 and gave the stock an “overweight” rating in a report on Monday. Finally, BMO Capital Markets set a $385.00 price objective on Ulta Beauty in a report 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 stock. Based on data from MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and an average target price of $420.71.

Ulta Beauty 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.