Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 71.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,282 shares of the specialty retailer's stock after selling 3,234 shares during the period. Orion Portfolio Solutions LLC's holdings in Ulta Beauty were worth $499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ULTA. UMB Bank n.a. raised its stake in Ulta Beauty by 83.3% in 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 acquired a new position in Ulta Beauty in the 2nd quarter valued at $32,000. Paladin Wealth LLC acquired a new position in Ulta Beauty in the 3rd quarter valued at $32,000. Harvest Fund Management Co. Ltd acquired a new position in Ulta Beauty in the 3rd quarter valued at $41,000. Finally, American National Bank & Trust acquired a new stake in shares of Ulta Beauty in the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Performance

Shares of ULTA traded down $6.97 during midday trading on Wednesday, hitting $416.60. The company had a trading volume of 893,761 shares, compared to its average volume of 981,158. The company's 50-day simple moving average is $380.66 and its 200-day simple moving average is $378.57. The firm has a market capitalization of $19.32 billion, a P/E ratio of 16.67, a P/E/G ratio of 2.38 and a beta of 1.32. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $5.07 EPS. Equities analysts predict that Ulta Beauty, Inc. will post 23.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ULTA. Evercore ISI cut their target price on Ulta Beauty from $500.00 to $430.00 and set an "outperform" rating for the company in a research note on Monday, August 26th. Robert W. Baird cut their target price on Ulta Beauty from $525.00 to $485.00 and set an "outperform" rating for the company in a research note on Friday, August 23rd. Bank of America cut their target price on Ulta Beauty from $425.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, August 30th. Loop Capital raised their target price on Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Finally, Canaccord Genuity Group raised their target price on Ulta Beauty from $442.00 to $476.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $439.30.

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.