Victory Capital Management Inc. reduced its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 62.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 34,231 shares of the specialty retailer's stock after selling 57,239 shares during the period. Victory Capital Management Inc. owned about 0.07% of Ulta Beauty worth $13,320,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of ULTA. International Assets Investment Management LLC increased its stake in Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer's stock valued at $481,952,000 after purchasing an additional 1,237,884 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Ulta Beauty by 87.3% in the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer's stock valued at $130,380,000 after buying an additional 157,497 shares during the period. Boston Partners increased its stake in shares of Ulta Beauty by 47.7% during the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer's stock valued at $246,862,000 after acquiring an additional 153,727 shares during the last quarter. Swedbank AB lifted its holdings in shares of Ulta Beauty by 107.0% during the 2nd quarter. Swedbank AB now owns 240,191 shares of the specialty retailer's stock worth $92,683,000 after acquiring an additional 124,164 shares during the period. Finally, TD Asset Management Inc boosted its position in shares of Ulta Beauty by 14.1% in the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer's stock worth $239,545,000 after acquiring an additional 76,721 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Stock Up 0.3 %
Shares of NASDAQ ULTA opened at $343.26 on Thursday. The firm's 50-day moving average price is $378.29 and its two-hundred day moving average price is $378.08. 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 $16.17 billion, a P/E ratio of 13.77, a P/E/G ratio of 2.10 and a beta of 1.33.
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 (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 company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the firm earned $6.02 EPS. The company's revenue for the quarter 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 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Loop Capital cut their target price on Ulta Beauty from $520.00 to $450.00 and set a "buy" rating on the stock in a research report on Tuesday, September 3rd. Oppenheimer reaffirmed an "outperform" rating and issued a $435.00 price objective on shares of Ulta Beauty in a research note on Wednesday, October 16th. StockNews.com upgraded Ulta Beauty from a "sell" rating to a "hold" rating in a report on Saturday, September 28th. UBS Group reduced their price target on shares of Ulta Beauty from $550.00 to $505.00 and set a "buy" rating on the stock in a research report on Friday, August 30th. Finally, Wells Fargo & Company dropped their price objective on shares of Ulta Beauty from $325.00 to $300.00 and set an "underweight" rating for the company in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Ulta Beauty presently has a consensus rating of "Hold" and an average target price of $420.71.
Check Out Our Latest Analysis on Ulta Beauty
About Ulta Beauty
(
Free Report)
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.
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