Global Trust Asset Management LLC Has $55,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Global Trust Asset Management LLC raised its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 39.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141 shares of the specialty retailer’s stock after acquiring an additional 40 shares during the quarter. Global Trust Asset Management LLC’s holdings in Ulta Beauty were worth $55,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Lafayette Investments Inc. lifted its stake in Ulta Beauty by 2.7% in the third quarter. Lafayette Investments Inc. now owns 4,938 shares of the specialty retailer’s stock valued at $1,921,000 after acquiring an additional 132 shares during the last quarter. Romano Brothers AND Company lifted its stake in Ulta Beauty by 41.6% in the third quarter. Romano Brothers AND Company now owns 9,604 shares of the specialty retailer’s stock valued at $3,737,000 after acquiring an additional 2,820 shares during the last quarter. Spectrum Asset Management Inc. NB CA acquired a new stake in Ulta Beauty in the third quarter valued at $2,444,000. International Assets Investment Management LLC lifted its stake in Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after acquiring an additional 1,237,884 shares during the last quarter. Finally, Monte Financial Group LLC lifted its stake in Ulta Beauty by 15.7% in the third quarter. Monte Financial Group LLC now owns 3,024 shares of the specialty retailer’s stock valued at $1,177,000 after acquiring an additional 411 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Up 1.7 %

Shares of Ulta Beauty stock opened at $373.30 on Friday. The company has a market capitalization of $17.59 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 2.10 and a beta of 1.32. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The firm’s 50-day moving average price is $376.34 and its two-hundred day moving average price is $384.65.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data 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). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the company earned $6.02 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, sell-side analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

ULTA has been the topic of several research analyst reports. Barclays increased their price objective on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. UBS Group dropped their price objective on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Robert W. Baird dropped their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research report on Friday, August 23rd. Bank of America dropped their price objective on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Finally, TD Cowen dropped their price objective on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and a consensus price target 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.