Trust Co Takes $251,000 Position in Ulta Beauty Inc (ULTA)

Trust Co bought a new position in shares of Ulta Beauty Inc (NASDAQ:ULTA) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,110 shares of the specialty retailer’s stock, valued at approximately $251,000.

Other institutional investors have also recently bought and sold shares of the company. QS Investors LLC increased its stake in shares of Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares in the last quarter. Ashford Capital Management Inc. increased its stake in shares of Ulta Beauty by 2.2% during the second quarter. Ashford Capital Management Inc. now owns 2,428 shares of the specialty retailer’s stock valued at $698,000 after purchasing an additional 53 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Ulta Beauty by 0.7% during the second quarter. Cubist Systematic Strategies LLC now owns 7,977 shares of the specialty retailer’s stock valued at $2,292,000 after purchasing an additional 56 shares in the last quarter. Zacks Investment Management increased its stake in shares of Ulta Beauty by 1.8% during the second quarter. Zacks Investment Management now owns 5,327 shares of the specialty retailer’s stock valued at $1,531,000 after purchasing an additional 94 shares in the last quarter. Finally, Veritable L.P. increased its stake in shares of Ulta Beauty by 9.1% during the second quarter. Veritable L.P. now owns 1,141 shares of the specialty retailer’s stock valued at $328,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 89.31% of the company’s stock.

A number of equities analysts have weighed in on the stock. Vetr raised shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating and set a $254.50 target price for the company in a research note on Friday, December 1st. Morgan Stanley set a $235.00 price target on shares of Ulta Beauty and gave the company a “hold” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. reissued a “buy” rating and set a $270.00 price target on shares of Ulta Beauty in a research report on Friday, December 1st. Oppenheimer reissued a “hold” rating and set a $240.00 price target on shares of Ulta Beauty in a research report on Thursday, January 18th. Finally, Loop Capital set a $300.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Sunday, December 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $265.53.

Ulta Beauty Inc (NASDAQ:ULTA) traded up $0.09 on Friday, hitting $219.50. 998,226 shares of the company were exchanged, compared to its average volume of 1,150,000. Ulta Beauty Inc has a 52 week low of $187.96 and a 52 week high of $314.86. The stock has a market cap of $13,390.00, a PE ratio of 28.07, a price-to-earnings-growth ratio of 1.07 and a beta of 0.54.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.03. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Ulta Beauty had a net margin of 8.82% and a return on equity of 29.64%. equities research analysts predict that Ulta Beauty Inc will post 8.36 EPS for the current fiscal year.

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Ulta Beauty Profile

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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