Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Assetmark Inc.

Assetmark Inc. trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 36.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,771 shares of the specialty retailer's stock after selling 1,619 shares during the quarter. Assetmark Inc.'s holdings in Ulta Beauty were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. LRI Investments LLC bought a new stake in Ulta Beauty in the first quarter worth $31,000. UMB Bank n.a. grew its position in Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 30 shares during the last quarter. Innealta Capital LLC bought a new stake in Ulta Beauty during the 2nd quarter valued at about $32,000. Paladin Wealth LLC purchased a new position in Ulta Beauty in the third quarter worth about $32,000. Finally, Crewe Advisors LLC bought a new position in shares of Ulta Beauty in the first quarter worth approximately $44,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Stock Down 3.0 %

ULTA traded down $11.67 during trading on Friday, reaching $371.10. The company had a trading volume of 730,254 shares, compared to its average volume of 959,423. The stock has a market cap of $17.49 billion, a P/E ratio of 14.94, a PEG ratio of 2.20 and a beta of 1.33. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The business has a 50 day simple moving average of $380.11 and a 200-day simple moving average of $379.67.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share 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 business had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.61 billion. During the same period last year, the company earned $6.02 earnings per share. The firm's revenue was up .9% compared to the same quarter last year. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Telsey Advisory Group restated an "outperform" rating and set a $450.00 target price on shares of Ulta Beauty in a research note on Thursday, October 17th. Wells Fargo & Company lowered their price objective on shares of Ulta Beauty from $325.00 to $300.00 and set an "underweight" rating on the stock in a research note on Friday, August 30th. TD Cowen cut their target price on shares of Ulta Beauty from $390.00 to $380.00 and set a "hold" rating for the company in a research report on Thursday, October 17th. Bank of America decreased their price target 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, Piper Sandler upped their price objective on Ulta Beauty from $356.00 to $357.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty has an average rating of "Hold" and an average price target 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.