Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lessened its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 40.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 833 shares of the specialty retailer’s stock after selling 557 shares during the period. Great Valley Advisor Group Inc.’s holdings in Ulta Beauty were worth $325,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ULTA. UMB Bank n.a. boosted its holdings in shares of 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 buying an additional 30 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $31,000. Innealta Capital LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at $32,000. Paladin Wealth LLC acquired a new position in shares of Ulta Beauty in the 3rd quarter valued at $32,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. BMO Capital Markets set a $385.00 target price on shares of Ulta Beauty in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Evercore ISI reduced their price target on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. JPMorgan Chase & Co. upped their price target on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, TD Cowen reduced their price target on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Stock Up 4.1 %

Shares of ULTA opened at $375.25 on Thursday. The company has a 50-day simple moving average of $374.99 and a 200-day simple moving average of $376.68. The company has a market capitalization of $17.68 billion, a PE ratio of 15.06, a P/E/G ratio of 2.08 and a beta of 1.33. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) 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). The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.02 EPS. On average, research analysts anticipate that Ulta Beauty, Inc. will post 23.07 EPS 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.