Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 37.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,415 shares of the specialty retailer’s stock after selling 846 shares during the quarter. Park Avenue Securities LLC’s holdings in Ulta Beauty were worth $551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Czech National Bank raised its holdings in Ulta Beauty by 6.4% during the 3rd quarter. Czech National Bank now owns 9,720 shares of the specialty retailer’s stock worth $3,782,000 after buying an additional 585 shares during the period. American National Bank & Trust purchased a new position in shares of Ulta Beauty in the third quarter worth approximately $44,000. Mattson Financial Services LLC acquired a new stake in shares of Ulta Beauty during the second quarter valued at approximately $367,000. Anchor Investment Management LLC lifted its position in shares of Ulta Beauty by 191.2% in the 2nd quarter. Anchor Investment Management LLC now owns 198 shares of the specialty retailer’s stock valued at $76,000 after acquiring an additional 130 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Ulta Beauty in the 2nd quarter worth approximately $8,759,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ULTA. Piper Sandler restated a “neutral” rating and issued a $356.00 target price (down previously from $404.00) on shares of Ulta Beauty in a report on Friday, August 30th. UBS Group reduced their price objective on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Wells Fargo & Company lowered their target price on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday, August 30th. TD Cowen reduced their price target on shares of Ulta Beauty from $395.00 to $390.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Finally, Evercore ISI lowered their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $424.08.

Ulta Beauty Stock Up 3.2 %

NASDAQ:ULTA opened at $370.58 on Friday. The company’s 50 day moving average is $368.75 and its 200-day moving average is $393.47. The firm has a market cap of $17.68 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 2.05 and a beta of 1.32. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $6.02 EPS. Research analysts predict that Ulta Beauty, Inc. will post 23.21 EPS for the current fiscal year.

Ulta Beauty Company 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.