Amalgamated Bank Has $3.88 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Amalgamated Bank reduced its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 19.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,963 shares of the specialty retailer's stock after selling 2,466 shares during the period. Amalgamated Bank's holdings in Ulta Beauty were worth $3,877,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ULTA. Choreo LLC increased its position in shares of Ulta Beauty by 71.7% during the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer's stock valued at $1,103,000 after buying an additional 1,198 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Ulta Beauty by 10.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer's stock valued at $46,954,000 after buying an additional 8,337 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Ulta Beauty during the second quarter valued at about $19,136,000. Whittier Trust Co. of Nevada Inc. raised its stake in Ulta Beauty by 5.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer's stock worth $1,072,000 after acquiring an additional 139 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Ulta Beauty by 24.8% during the 1st quarter. Sei Investments Co. now owns 54,124 shares of the specialty retailer's stock valued at $28,301,000 after buying an additional 10,756 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Down 2.0 %

Shares of ULTA traded down $8.00 during midday trading on Friday, reaching $385.26. 681,381 shares of the stock were exchanged, compared to its average volume of 964,483. The company has a market cap of $18.15 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 2.23 and a beta of 1.33. The firm has a 50 day simple moving average of $378.30 and a 200-day simple moving average of $380.49. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS 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 business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the firm earned $6.02 earnings per share. The business's quarterly revenue was up .9% on a year-over-year basis. Research analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several research reports. StockNews.com raised shares of Ulta Beauty from a "sell" rating to a "hold" rating in a report on Saturday, September 28th. Stifel Nicolaus boosted their price objective on Ulta Beauty from $385.00 to $395.00 and gave the company a "hold" rating in a report on Thursday, October 17th. The Goldman Sachs Group reduced their target price on shares of Ulta Beauty from $475.00 to $412.00 and set a "neutral" rating on the stock in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ulta Beauty from $426.00 to $424.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Finally, Raymond James dropped their target price on Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating on the stock in a research report on Monday, October 14th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $420.71.

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.