First Horizon Advisors Inc. Has $77,000 Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

First Horizon Advisors Inc. reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 37.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199 shares of the specialty retailer’s stock after selling 120 shares during the period. First Horizon Advisors Inc.’s holdings in Ulta Beauty were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ULTA. Sage Capital Advisors llc lifted its stake in shares of Ulta Beauty by 5.4% in the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock valued at $203,000 after acquiring an additional 27 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Ulta Beauty by 4.7% during the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 28 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Ulta Beauty by 83.3% during 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. AdvisorNet Financial Inc increased its stake in shares of Ulta Beauty by 5.0% in the second quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock valued at $268,000 after buying an additional 33 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its holdings in Ulta Beauty by 1.0% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock valued at $1,349,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on ULTA shares. William Blair cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday. BMO Capital Markets set a $385.00 price objective on Ulta Beauty in a report on Thursday, October 17th. Robert W. Baird cut their target price on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. Stifel Nicolaus raised their price target on shares of Ulta Beauty from $385.00 to $395.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Finally, Raymond James reduced their price objective on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Ulta Beauty currently has an average rating of “Hold” and an average price target of $420.71.

Ulta Beauty Trading Down 0.1 %

NASDAQ ULTA opened at $338.38 on Monday. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The firm has a market capitalization of $15.94 billion, a P/E ratio of 13.58, a PEG ratio of 1.94 and a beta of 1.33. The business has a fifty day simple moving average of $376.80 and a 200 day simple moving average of $377.22.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the firm posted $6.02 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

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.