Portside Wealth Group LLC Sells 68 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Portside Wealth Group LLC reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.6% during the third quarter, Holdings Channel.com reports. The firm owned 726 shares of the specialty retailer’s stock after selling 68 shares during the period. Portside Wealth Group LLC’s holdings in Ulta Beauty were worth $283,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its stake in shares of 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 worth $481,952,000 after buying an additional 1,237,884 shares during the period. Hsbc Holdings PLC raised its stake in shares of Ulta Beauty by 87.3% during the second quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock valued at $130,380,000 after acquiring an additional 157,497 shares during the last quarter. Boston Partners boosted its holdings in shares of Ulta Beauty by 47.7% during the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock worth $246,862,000 after purchasing an additional 153,727 shares during the period. TD Asset Management Inc grew its stake in shares of Ulta Beauty by 33.6% in the first quarter. TD Asset Management Inc now owns 544,072 shares of the specialty retailer’s stock worth $284,484,000 after purchasing an additional 136,725 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of Ulta Beauty by 107.0% in the second quarter. Swedbank AB now owns 240,191 shares of the specialty retailer’s stock worth $92,683,000 after purchasing an additional 124,164 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ULTA. Loop Capital dropped their price objective on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. The Goldman Sachs Group decreased their target price on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. B. Riley began coverage on Ulta Beauty in a research report on Tuesday, September 10th. They set a “sell” rating and a $300.00 price target on the stock. DA Davidson decreased their price objective on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Wells Fargo & Company dropped their target price on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, August 30th. Two 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $420.71.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $385.26 on Friday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The company has a market cap of $18.15 billion, a P/E ratio of 15.46, a PEG ratio of 2.23 and a beta of 1.33. The stock’s fifty day moving average price is $378.30 and its 200-day moving average price is $380.49.

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). 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 analysts’ expectations of $2.61 billion. During the same period in the previous year, the business earned $6.02 EPS. The business’s revenue was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.07 earnings per share for the current 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.