Whittier Trust Co. Sells 6,165 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Whittier Trust Co. reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 84.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,099 shares of the specialty retailer’s stock after selling 6,165 shares during the quarter. Whittier Trust Co.’s holdings in Ulta Beauty were worth $428,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ULTA. TD Asset Management Inc lifted its holdings in shares of Ulta Beauty by 14.1% in the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock valued at $239,545,000 after purchasing an additional 76,721 shares in the last quarter. Alecta Tjanstepension Omsesidigt raised its position in Ulta Beauty by 14.4% in the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock valued at $200,944,000 after buying an additional 65,000 shares during the last quarter. Boston Partners lifted its stake in Ulta Beauty by 47.7% in the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after acquiring an additional 153,727 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Ulta Beauty by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock worth $163,149,000 after acquiring an additional 24,822 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Ulta Beauty by 1.2% during the 1st quarter. Bessemer Group Inc. now owns 357,503 shares of the specialty retailer’s stock worth $186,933,000 after acquiring an additional 4,344 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 0.6 %

Shares of NASDAQ:ULTA opened at $367.02 on Thursday. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The business has a 50 day moving average of $376.31 and a 200-day moving average of $384.77. The stock has a market cap of $17.51 billion, a PE ratio of 14.31, a P/E/G ratio of 2.12 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results 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 firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $6.02 earnings per share. Equities research analysts expect that Ulta Beauty, Inc. will post 23.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ULTA shares. BMO Capital Markets set a $385.00 price objective on shares of Ulta Beauty in a research report on Thursday, October 17th. Bank of America cut their price target on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Stifel Nicolaus raised their price objective on Ulta Beauty from $385.00 to $395.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Canaccord Genuity Group lowered their target price on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Finally, Oppenheimer reissued an “outperform” rating and set a $435.00 price target on shares of Ulta Beauty in a research report on Wednesday, October 16th. Two investment 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $420.71.

About Ulta Beauty

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.