Atria Investments Inc Decreases Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Atria Investments Inc lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 47.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,623 shares of the specialty retailer's stock after selling 2,413 shares during the period. Atria Investments Inc's holdings in Ulta Beauty were worth $1,021,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ULTA. UMB Bank n.a. raised its stake in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 30 shares during the last quarter. LRI Investments LLC acquired a new stake in Ulta Beauty during the 1st quarter valued at approximately $31,000. Innealta Capital LLC purchased a new stake in shares of Ulta Beauty in the 2nd quarter valued at $32,000. Paladin Wealth LLC acquired a new stake in shares of Ulta Beauty in the third quarter worth $32,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Ulta Beauty in the second quarter worth $36,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on ULTA shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $450.00 price target on shares of Ulta Beauty in a report on Thursday, October 17th. BMO Capital Markets set a $385.00 target price on Ulta Beauty in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft reduced their price target on Ulta Beauty from $426.00 to $424.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Oppenheimer reaffirmed an "outperform" rating and set a $435.00 price objective on shares of Ulta Beauty in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus boosted their target price on shares of Ulta Beauty from $385.00 to $395.00 and gave the company a "hold" rating in a research note on Thursday, October 17th. 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. According to MarketBeat, Ulta Beauty currently has a consensus rating of "Hold" and a consensus target price of $420.71.

Ulta Beauty Trading Down 3.2 %

Ulta Beauty stock traded down $11.82 during midday trading on Monday, reaching $353.35. 1,405,330 shares of the stock traded hands, compared to its average volume of 964,609. The firm has a market cap of $16.65 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 2.10 and a beta of 1.33. The company has a 50-day simple moving average of $380.06 and a two-hundred day simple moving average of $379.02. 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 posted its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company's revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $6.02 EPS. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

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.