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

JB Capital LLC grew its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.0% in the third quarter, HoldingsChannel reports. The fund owned 7,757 shares of the specialty retailer’s stock after purchasing an additional 951 shares during the quarter. JB Capital LLC’s holdings in Ulta Beauty were worth $3,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Norden Group LLC increased its stake in shares of Ulta Beauty by 49.0% in the first quarter. Norden Group LLC now owns 1,176 shares of the specialty retailer’s stock worth $615,000 after purchasing an additional 387 shares in the last quarter. Advisory Services Network LLC increased its stake in Ulta Beauty by 4.3% in the 1st quarter. Advisory Services Network LLC now owns 7,960 shares of the specialty retailer’s stock worth $4,162,000 after buying an additional 327 shares in the last quarter. Duality Advisers LP raised its holdings in Ulta Beauty by 92.8% during the first quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer’s stock valued at $3,806,000 after acquiring an additional 3,504 shares during the period. Empirical Finance LLC lifted its position in shares of Ulta Beauty by 3.3% in the first quarter. Empirical Finance LLC now owns 1,881 shares of the specialty retailer’s stock valued at $984,000 after acquiring an additional 60 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Ulta Beauty by 11.7% in the first quarter. Empowered Funds LLC now owns 610 shares of the specialty retailer’s stock worth $319,000 after acquiring an additional 64 shares during the period. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Ulta Beauty from $450.00 to $472.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. The Goldman Sachs Group dropped their price objective on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Robert W. Baird reduced their target price on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. Finally, Raymond James dropped their price target on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Price Performance

ULTA stock traded up $3.33 during mid-day trading on Thursday, reaching $390.86. The company had a trading volume of 120,849 shares, compared to its average volume of 962,632. The firm has a 50 day moving average of $377.14 and a 200 day moving average of $380.63. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The company has a market capitalization of $18.42 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 2.21 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last released 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). The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.02 earnings per share. Analysts anticipate that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

About Ulta Beauty

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.