Assetmark Inc. Reduces Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Assetmark Inc. trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 36.9% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,771 shares of the specialty retailer’s stock after selling 1,619 shares during the quarter. Assetmark Inc.’s holdings in Ulta Beauty were worth $1,078,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of Ulta Beauty by 11.7% during the first quarter. Empowered Funds LLC now owns 610 shares of the specialty retailer’s stock valued at $319,000 after purchasing an additional 64 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Ulta Beauty by 3.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,269 shares of the specialty retailer’s stock valued at $664,000 after buying an additional 42 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of Ulta Beauty by 7.1% in the 1st quarter. Bleakley Financial Group LLC now owns 711 shares of the specialty retailer’s stock worth $372,000 after buying an additional 47 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Ulta Beauty by 3.0% in the first quarter. Kingsview Wealth Management LLC now owns 3,843 shares of the specialty retailer’s stock worth $2,009,000 after acquiring an additional 112 shares during the period. Finally, Orion Portfolio Solutions LLC increased its position in Ulta Beauty by 35.0% during the first quarter. Orion Portfolio Solutions LLC now owns 2,100 shares of the specialty retailer’s stock valued at $1,098,000 after acquiring an additional 545 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

ULTA has been the topic of several research reports. Piper Sandler raised their target price on Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Bank of America cut their target price on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Wells Fargo & Company decreased their price target on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, August 30th. The Goldman Sachs Group cut their price objective on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, Canaccord Genuity Group reduced their price objective on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and an average price target of $420.71.

Ulta Beauty Stock Up 0.0 %

Shares of ULTA stock opened at $382.77 on Friday. The stock has a market cap of $18.04 billion, a P/E ratio of 15.36, a PEG ratio of 2.18 and a beta of 1.33. The company’s fifty day simple moving average is $379.73 and its two-hundred day simple moving average is $379.65. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly 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 net margin of 10.68% and a return on equity of 54.02%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the company posted $6.02 earnings per share. Ulta Beauty’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts anticipate that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal 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.