Truvestments Capital LLC Sells 1,123 Shares of Ulta Beauty Inc. $ULTA

Truvestments Capital LLC trimmed its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 59.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 759 shares of the specialty retailer’s stock after selling 1,123 shares during the period. Truvestments Capital LLC’s holdings in Ulta Beauty were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ULTA. American National Bank & Trust bought a new position in shares of Ulta Beauty in the first quarter worth $29,000. Wayfinding Financial LLC bought a new position in shares of Ulta Beauty in the first quarter worth $31,000. Rakuten Securities Inc. boosted its stake in Ulta Beauty by 218.5% during the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 59 shares during the period. North Star Investment Management Corp. boosted its stake in Ulta Beauty by 71.4% during the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 40 shares during the period. Finally, NBC Securities Inc. bought a new stake in Ulta Beauty during the first quarter valued at $37,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 1.5%

Ulta Beauty stock opened at $533.81 on Thursday. The company has a market capitalization of $23.99 billion, a P/E ratio of 20.85, a PEG ratio of 3.16 and a beta of 1.12. The stock’s 50 day moving average is $497.47 and its 200 day moving average is $424.88. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $536.89.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping analysts’ consensus estimates of $5.73 by $0.97. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%.The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the prior year, the firm posted $6.47 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, equities analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analysts Set New Price Targets

ULTA has been the subject of several research analyst reports. UBS Group lifted their price objective on Ulta Beauty from $525.00 to $640.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Telsey Advisory Group lifted their price target on Ulta Beauty from $520.00 to $590.00 and gave the stock an “outperform” rating in a research note on Monday. Evercore ISI lifted their price target on Ulta Beauty from $465.00 to $490.00 and gave the stock an “outperform” rating in a research note on Friday, May 30th. Oppenheimer upped their price target on Ulta Beauty from $510.00 to $600.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. Finally, Morgan Stanley upped their price target on Ulta Beauty from $460.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, May 30th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $498.88.

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.