JB Capital LLC Cuts Stock Holdings in Ulta Beauty Inc. $ULTA

JB Capital LLC trimmed its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 94.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 462 shares of the specialty retailer’s stock after selling 7,676 shares during the period. JB Capital LLC’s holdings in Ulta Beauty were worth $216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in Ulta Beauty by 128.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock valued at $449,021,000 after buying an additional 688,267 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Ulta Beauty by 64.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock worth $341,453,000 after acquiring an additional 366,147 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ulta Beauty by 81.7% during the first quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock valued at $334,871,000 after purchasing an additional 410,900 shares during the period. Invesco Ltd. boosted its stake in shares of Ulta Beauty by 10.9% in the first quarter. Invesco Ltd. now owns 813,639 shares of the specialty retailer’s stock valued at $298,231,000 after purchasing an additional 79,666 shares during the period. Finally, Swedbank AB boosted its position in Ulta Beauty by 17.4% in the 2nd quarter. Swedbank AB now owns 545,050 shares of the specialty retailer’s stock valued at $254,985,000 after buying an additional 80,734 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $549.28 on Friday. The stock’s 50 day moving average price is $528.22 and its 200 day moving average price is $463.92. The stock has a market cap of $24.63 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 3.09 and a beta of 1.08. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping analysts’ consensus estimates of $5.03 by $0.75. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the business earned $5.30 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Jefferies Financial Group increased their target price on Ulta Beauty from $425.00 to $550.00 and gave the company a “hold” rating in a research note on Tuesday, August 26th. Wall Street Zen downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Evercore ISI upped their price target on shares of Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, The Goldman Sachs Group raised their price objective on shares of Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $549.33.

Insiders Place Their Bets

In other news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the transaction, the director owned 2,263 shares in the company, valued at approximately $1,195,837.09. This trade represents a 18.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Ulta Beauty 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.