582 Shares in Ulta Beauty, Inc. (NASDAQ:ULTA) Acquired by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 582 shares of the specialty retailer’s stock, valued at approximately $226,000.

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

Ulta Beauty Stock Up 3.2 %

Ulta Beauty stock opened at $370.58 on Friday. The company has a market capitalization of $17.46 billion, a P/E ratio of 14.87, a PEG ratio of 2.05 and a beta of 1.32. The stock’s 50 day moving average is $369.35 and its 200 day moving average is $391.68. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

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

Analysts Set New Price Targets

Several research firms recently commented on ULTA. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Deutsche Bank Aktiengesellschaft cut their price objective on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a report on Wednesday. Wells Fargo & Company lowered their target price on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, August 30th. Piper Sandler reaffirmed a “neutral” rating and set a $356.00 price target (down previously from $404.00) on shares of Ulta Beauty in a research report on Friday, August 30th. Finally, Canaccord Genuity Group lowered their price target on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $424.08.

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.