OneDigital Investment Advisors LLC Has $389,000 Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

OneDigital Investment Advisors LLC reduced its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 48.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 999 shares of the specialty retailer’s stock after selling 933 shares during the period. OneDigital Investment Advisors LLC’s holdings in Ulta Beauty were worth $389,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. UMB Bank n.a. boosted its holdings in Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares in the last quarter. LRI Investments LLC acquired a new stake in Ulta Beauty in the 1st quarter valued at $31,000. Innealta Capital LLC bought a new stake in Ulta Beauty in the second quarter valued at $32,000. Paladin Wealth LLC acquired a new position in Ulta Beauty during the third quarter worth $32,000. Finally, Oakworth Capital Inc. acquired a new position in Ulta Beauty during the second quarter worth $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of research reports. Loop Capital lowered their target price on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $450.00 target price on shares of Ulta Beauty in a research note on Thursday, October 17th. DA Davidson decreased their price target on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Citigroup dropped their price objective on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Finally, The Goldman Sachs Group decreased their price objective on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and an average target price of $420.71.

Ulta Beauty Trading Down 1.3 %

ULTA stock opened at $338.64 on Friday. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The firm has a market cap of $15.96 billion, a PE ratio of 13.59, a P/E/G ratio of 1.97 and a beta of 1.33. The business’s 50-day moving average price is $377.60 and its two-hundred day moving average price is $377.80.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). The company had revenue of $2.55 billion for 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 firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $6.02 EPS. On average, analysts forecast 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.