Atria Investments Inc Cuts Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Atria Investments Inc trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 47.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,623 shares of the specialty retailer’s stock after selling 2,413 shares during the quarter. Atria Investments Inc’s holdings in Ulta Beauty were worth $1,021,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. lifted its position 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 during the last quarter. LRI Investments LLC bought a new position in shares of Ulta Beauty in the 1st quarter valued at about $31,000. Innealta Capital LLC purchased a new position in Ulta Beauty in the second quarter worth about $32,000. Paladin Wealth LLC bought a new stake in Ulta Beauty during the third quarter worth approximately $32,000. Finally, Oakworth Capital Inc. purchased a new stake in Ulta Beauty during the second quarter valued at approximately $36,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on ULTA. BMO Capital Markets set a $385.00 target price on Ulta Beauty in a report on Thursday, October 17th. Loop Capital dropped their price objective on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Robert W. Baird reduced their target price on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $365.17 on Monday. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The company has a 50-day moving average of $380.06 and a 200 day moving average of $379.02. The firm has a market cap of $17.21 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 2.10 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations 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 EPS. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

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.