Scientech Research LLC Has $343,000 Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Scientech Research LLC reduced its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 43.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 890 shares of the specialty retailer’s stock after selling 671 shares during the quarter. Scientech Research LLC’s holdings in Ulta Beauty were worth $343,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mackenzie Financial Corp boosted its position in Ulta Beauty by 12.8% in the 2nd quarter. Mackenzie Financial Corp now owns 12,501 shares of the specialty retailer’s stock valued at $4,824,000 after buying an additional 1,416 shares during the last quarter. MBB Public Markets I LLC acquired a new position in shares of Ulta Beauty during the second quarter valued at $1,387,000. Daymark Wealth Partners LLC boosted its holdings in Ulta Beauty by 3.0% in the second quarter. Daymark Wealth Partners LLC now owns 1,221 shares of the specialty retailer’s stock valued at $471,000 after acquiring an additional 36 shares during the last quarter. Deerfield Management Company L.P. Series C increased its position in Ulta Beauty by 132.8% in the second quarter. Deerfield Management Company L.P. Series C now owns 2,191 shares of the specialty retailer’s stock worth $845,000 after purchasing an additional 1,250 shares during the period. Finally, DoubleLine ETF Adviser LP acquired a new stake in Ulta Beauty in the second quarter worth about $523,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ULTA shares. BMO Capital Markets cut their target price on shares of Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating on the stock in a research report on Friday, August 30th. TD Cowen lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating and set a $395.00 price objective on the stock. in a report on Monday, September 23rd. Telsey Advisory Group reduced their price objective on shares of Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, B. Riley assumed coverage on Ulta Beauty in a research note on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $425.29.

Ulta Beauty Stock Down 3.7 %

Shares of ULTA stock opened at $389.12 on Tuesday. The company has a market capitalization of $18.34 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 2.31 and a beta of 1.31. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The firm has a fifty day moving average of $368.35 and a 200-day moving average of $400.45.

Ulta Beauty (NASDAQ:ULTA) last released its 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). The firm 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%. Ulta Beauty’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company posted $6.02 EPS. On average, equities analysts expect that Ulta Beauty, Inc. will post 23.21 EPS 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.