Zacks Investment Management Sells 4,549 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Zacks Investment Management trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 84.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 826 shares of the specialty retailer's stock after selling 4,549 shares during the quarter. Zacks Investment Management's holdings in Ulta Beauty were worth $321,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. RFG Advisory LLC raised its holdings in Ulta Beauty by 35.9% during the 2nd quarter. RFG Advisory LLC now owns 537 shares of the specialty retailer's stock valued at $207,000 after buying an additional 142 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Ulta Beauty by 28.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 826 shares of the specialty retailer's stock valued at $319,000 after buying an additional 183 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Ulta Beauty by 5.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,287 shares of the specialty retailer's stock valued at $1,268,000 after buying an additional 182 shares during the last quarter. Diversified Trust Co raised its holdings in Ulta Beauty by 81.2% during the 2nd quarter. Diversified Trust Co now owns 2,855 shares of the specialty retailer's stock valued at $1,102,000 after buying an additional 1,279 shares during the last quarter. Finally, Great Valley Advisor Group Inc. raised its holdings in Ulta Beauty by 3.7% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,390 shares of the specialty retailer's stock valued at $537,000 after buying an additional 49 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on ULTA shares. Oppenheimer boosted their price objective on shares of Ulta Beauty from $435.00 to $505.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Robert W. Baird reduced their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an "outperform" rating on the stock in a research report on Friday, August 23rd. DA Davidson boosted their price objective on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Barclays boosted their price objective on shares of Ulta Beauty from $335.00 to $410.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Finally, Canaccord Genuity Group boosted their price objective on shares of Ulta Beauty from $442.00 to $476.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $439.30.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA traded up $18.17 during trading on Wednesday, hitting $430.09. The company's stock had a trading volume of 1,351,305 shares, compared to its average volume of 985,440. The company has a 50-day moving average of $375.39 and a 200-day moving average of $377.13. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The firm has a market cap of $19.94 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 2.42 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts' consensus estimates of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the business earned $5.07 EPS. The firm's revenue was up 1.7% compared to the same quarter last year. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 23.48 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.