Los Angeles Capital Management LLC Sells 162,650 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Los Angeles Capital Management LLC reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 99.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 541 shares of the specialty retailer's stock after selling 162,650 shares during the period. Los Angeles Capital Management LLC's holdings in Ulta Beauty were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. UMB Bank n.a. increased its holdings in Ulta Beauty by 83.3% in the second 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 period. LRI Investments LLC bought a new position in Ulta Beauty in the 1st quarter worth approximately $31,000. Innealta Capital LLC bought a new position in shares of Ulta Beauty in the second quarter worth $32,000. Paladin Wealth LLC purchased a new stake in shares of Ulta Beauty in the third quarter worth about $32,000. Finally, Oakworth Capital Inc. purchased a new stake in Ulta Beauty in the 2nd quarter worth approximately $36,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ULTA has been the subject of a number of research reports. Barclays increased their price target on Ulta Beauty from $328.00 to $335.00 and gave the company an "equal weight" rating in a research note on Friday, August 30th. TD Cowen lowered their price target on shares of Ulta Beauty from $390.00 to $380.00 and set a "hold" rating on the stock in a report on Thursday, October 17th. Bank of America cut their price objective on Ulta Beauty from $425.00 to $380.00 and set a "neutral" rating on the stock in a report on Friday, August 30th. BMO Capital Markets set a $385.00 price target on shares of Ulta Beauty in a research report on Thursday, October 17th. Finally, Citigroup cut their price target on Ulta Beauty from $375.00 to $345.00 and set a "neutral" rating on the stock in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $420.71.

Ulta Beauty Trading Down 2.8 %

Shares of NASDAQ:ULTA traded down $9.80 on Tuesday, reaching $343.55. 601,091 shares of the company traded hands, compared to its average volume of 962,988. The business's 50-day simple moving average is $379.50 and its 200 day simple moving average is $378.71. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The stock has a market capitalization of $16.19 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results 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 net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.61 billion. During the same quarter in the prior year, the firm earned $6.02 EPS. The firm's revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Ulta Beauty Company 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.