Los Angeles Capital Management LLC Decreases Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Los Angeles Capital Management LLC lowered its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 99.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 541 shares of the specialty retailer’s stock after selling 162,650 shares during the period. Los Angeles Capital Management LLC’s holdings in Ulta Beauty were worth $211,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ULTA shares. Robert W. Baird lowered their target price on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. Telsey Advisory Group restated an “outperform” rating and set a $450.00 price target on shares of Ulta Beauty in a research note on Thursday, October 17th. Finally, B. Riley initiated coverage on shares of Ulta Beauty in a research note on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price objective for the company. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Stock Down 3.2 %

NASDAQ ULTA opened at $353.35 on Tuesday. The stock’s 50-day simple moving average is $379.50 and its two-hundred day simple moving average is $378.71. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company has a market capitalization of $16.65 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 2.10 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The firm had revenue of $2.55 billion for 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 quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $6.02 earnings per share. On average, equities analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share 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.