Crossmark Global Holdings Inc. Has $557,000 Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Crossmark Global Holdings Inc. trimmed its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 27.7% during the third quarter, Holdings Channel reports. The firm owned 1,432 shares of the specialty retailer’s stock after selling 548 shares during the period. Crossmark Global Holdings Inc.’s holdings in Ulta Beauty were worth $557,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its stake in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 30 shares during the last quarter. LRI Investments LLC bought a new position in Ulta Beauty in the 1st quarter worth approximately $31,000. Innealta Capital LLC bought a new position in Ulta Beauty in the 2nd quarter worth approximately $32,000. Paladin Wealth LLC bought a new position in Ulta Beauty in the 3rd quarter worth approximately $32,000. Finally, Oakworth Capital Inc. bought a new position in Ulta Beauty in the 2nd quarter worth approximately $36,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Down 4.6 %

Shares of NASDAQ ULTA opened at $365.17 on Friday. The firm has a market cap of $17.20 billion, a PE ratio of 14.65, a PEG ratio of 2.20 and a beta of 1.33. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The company has a fifty day moving average price of $380.06 and a 200 day moving average price of $379.36.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results 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 company had revenue of $2.55 billion during the quarter, compared to analyst estimates 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 period in the previous year, the company posted $6.02 earnings per share. Equities research analysts forecast that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. The Goldman Sachs Group dropped 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. BMO Capital Markets set a $385.00 price objective on shares of Ulta Beauty in a research report on Thursday, October 17th. B. Riley assumed coverage on shares of Ulta Beauty in a research report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price objective for the company. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Finally, Wells Fargo & Company dropped their target price on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, August 30th. Two equities research 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, the stock currently has an average rating of “Hold” and a consensus target price of $420.71.

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.