Assetmark Inc. Sells 1,619 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Assetmark Inc. lowered its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 36.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,771 shares of the specialty retailer’s stock after selling 1,619 shares during the period. Assetmark Inc.’s holdings in Ulta Beauty were worth $1,078,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. 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 worth $25,000 after purchasing an additional 30 shares during the period. LRI Investments LLC purchased a new position in Ulta Beauty during the first quarter worth $31,000. Innealta Capital LLC bought a new position in Ulta Beauty during the second quarter valued at $32,000. Paladin Wealth LLC bought a new position in Ulta Beauty during the third quarter valued at $32,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Ulta Beauty in the second quarter valued at $36,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ULTA has been the subject of a number of recent analyst reports. Bank of America dropped their price target on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. The Goldman Sachs Group dropped 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. TD Cowen reduced their price target on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Telsey Advisory Group restated an “outperform” rating and set a $450.00 price objective on shares of Ulta Beauty in a report on Thursday, October 17th. Finally, Barclays increased their target price on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Trading Up 0.0 %

ULTA opened at $382.77 on Friday. The firm has a market cap of $18.04 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 2.18 and a beta of 1.33. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The stock has a fifty day moving average price of $379.73 and a 200-day moving average price of $379.65.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the firm posted $6.02 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts forecast that Ulta Beauty, Inc. will post 23.07 EPS for the current 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.