Octavia Wealth Advisors LLC acquired a new stake in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) 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.
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.
Read Our Latest Research Report on ULTA
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.
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