University of Texas Texas AM Investment Management Co. Acquires 80 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

University of Texas Texas AM Investment Management Co. raised its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 90.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 168 shares of the specialty retailer’s stock after purchasing an additional 80 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Ulta Beauty were worth $65,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vima LLC bought a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $27,000. Riverview Trust Co purchased a new stake in Ulta Beauty in the first quarter worth approximately $30,000. Sound Income Strategies LLC boosted its holdings in Ulta Beauty by 490.0% in the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 49 shares during the last quarter. LRI Investments LLC purchased a new stake in Ulta Beauty in the first quarter worth approximately $31,000. Finally, UMB Bank n.a. boosted its holdings in Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating on the stock in a report on Friday, August 30th. TD Cowen cut shares of Ulta Beauty from a “buy” rating to a “hold” rating and set a $395.00 price target on the stock. in a research note on Monday, September 23rd. Robert W. Baird dropped their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. B. Riley started coverage on shares of Ulta Beauty in a research note on Tuesday, September 10th. They set a “sell” rating and a $300.00 price target on the stock. Finally, Stifel Nicolaus dropped their price target on shares of Ulta Beauty from $475.00 to $385.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $425.29.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $379.13 on Wednesday. The company has a market cap of $17.86 billion, a P/E ratio of 14.79, a P/E/G ratio of 2.31 and a beta of 1.31. The firm’s fifty day moving average is $368.15 and its two-hundred day moving average is $399.34. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.02 earnings per share. As a group, analysts forecast that Ulta Beauty, Inc. will post 23.21 EPS for the current fiscal year.

Ulta Beauty Company 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.