Trust Investment Advisors Raises Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Trust Investment Advisors lifted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.9% during the second quarter, HoldingsChannel.com reports. The fund owned 1,480 shares of the specialty retailer’s stock after buying an additional 83 shares during the quarter. Trust Investment Advisors’ holdings in Ulta Beauty were worth $696,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Ulta Beauty by 5.8% during the first quarter. Signaturefd LLC now owns 691 shares of the specialty retailer’s stock valued at $377,000 after purchasing an additional 38 shares in the last quarter. Nemes Rush Group LLC bought a new position in shares of Ulta Beauty during the second quarter valued at approximately $2,686,000. New Mexico Educational Retirement Board boosted its stake in shares of Ulta Beauty by 4.2% during the second quarter. New Mexico Educational Retirement Board now owns 2,500 shares of the specialty retailer’s stock valued at $1,176,000 after purchasing an additional 100 shares in the last quarter. Trivant Custom Portfolio Group LLC boosted its stake in shares of Ulta Beauty by 10.6% during the second quarter. Trivant Custom Portfolio Group LLC now owns 5,220 shares of the specialty retailer’s stock valued at $2,457,000 after purchasing an additional 500 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Ulta Beauty by 18.2% during the first quarter. ProShare Advisors LLC now owns 7,839 shares of the specialty retailer’s stock valued at $4,278,000 after purchasing an additional 1,209 shares in the last quarter. 92.30% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Trading Up 0.9 %

ULTA traded up $3.72 on Friday, reaching $409.27. The stock had a trading volume of 554,802 shares, compared to its average volume of 688,331. Ulta Beauty, Inc. has a 12-month low of $368.02 and a 12-month high of $556.60. The business’s 50-day moving average price is $392.95 and its two-hundred day moving average price is $433.09. The company has a market cap of $20.15 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 1.79 and a beta of 1.36.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.85 by $0.17. Ulta Beauty had a net margin of 11.77% and a return on equity of 63.51%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the company earned $5.70 earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, analysts predict that Ulta Beauty, Inc. will post 25.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Ulta Beauty from $570.00 to $571.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Robert W. Baird lowered their target price on shares of Ulta Beauty from $560.00 to $550.00 and set an “outperform” rating for the company in a research note on Friday, August 25th. Citigroup raised their price target on shares of Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a report on Friday, August 18th. StockNews.com started coverage on shares of Ulta Beauty in a report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Wells Fargo & Company raised their price target on shares of Ulta Beauty from $350.00 to $375.00 and gave the stock an “underweight” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $530.35.

About Ulta Beauty

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.