Firetrail Investments PTY Ltd. Has $7.42 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Firetrail Investments PTY Ltd. grew its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,094 shares of the specialty retailer’s stock after buying an additional 131 shares during the period. Ulta Beauty makes up 2.1% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 26th biggest position. Firetrail Investments PTY Ltd.’s holdings in Ulta Beauty were worth $7,422,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sage Capital Advisors llc boosted its position in Ulta Beauty by 5.4% during the second quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock valued at $203,000 after acquiring an additional 27 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Ulta Beauty by 4.7% during the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after purchasing an additional 28 shares during the period. UMB Bank n.a. increased 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 in the last quarter. AdvisorNet Financial Inc lifted its stake in Ulta Beauty by 5.0% in the second quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock valued at $268,000 after buying an additional 33 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its stake in Ulta Beauty by 1.0% in the second quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock valued at $1,349,000 after buying an additional 33 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $382.74 on Thursday. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The firm has a 50-day moving average price of $379.28 and a two-hundred day moving average price of $379.63. The firm has a market cap of $18.03 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 2.18 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the previous year, the business posted $6.02 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ULTA. BMO Capital Markets set a $385.00 price objective on shares of Ulta Beauty in a research note on Thursday, October 17th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. Stifel Nicolaus increased their price objective on shares of Ulta Beauty from $385.00 to $395.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. boosted their target price on Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group dropped their price target on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $420.71.

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.