River Road Asset Management LLC Trims Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

River Road Asset Management LLC trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 86.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,630 shares of the specialty retailer’s stock after selling 103,123 shares during the period. River Road Asset Management LLC’s holdings in Ulta Beauty were worth $6,471,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULTA. Cary Street Partners Asset Management LLC lifted its holdings in shares of Ulta Beauty by 7.6% during the 3rd quarter. Cary Street Partners Asset Management LLC now owns 3,949 shares of the specialty retailer’s stock worth $1,537,000 after acquiring an additional 279 shares during the period. Impax Asset Management Group plc lifted its holdings in shares of Ulta Beauty by 11.8% during the 3rd quarter. Impax Asset Management Group plc now owns 93,419 shares of the specialty retailer’s stock worth $36,351,000 after acquiring an additional 9,863 shares during the period. Leeward Financial Partners LLC lifted its holdings in shares of Ulta Beauty by 5.2% during the 3rd quarter. Leeward Financial Partners LLC now owns 3,776 shares of the specialty retailer’s stock worth $1,469,000 after acquiring an additional 188 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Ulta Beauty by 2.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 8,363 shares of the specialty retailer’s stock worth $3,254,000 after acquiring an additional 212 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Ulta Beauty by 2.3% during the 3rd quarter. Van ECK Associates Corp now owns 18,829 shares of the specialty retailer’s stock worth $6,911,000 after acquiring an additional 431 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. 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 report on Friday, August 30th. JPMorgan Chase & Co. raised their price target on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Raymond James cut their price target on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Stifel Nicolaus raised their price target on shares of Ulta Beauty from $385.00 to $395.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Finally, Robert W. Baird cut their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Trading Down 0.3 %

ULTA stock opened at $382.91 on Wednesday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company has a market capitalization of $18.04 billion, a P/E ratio of 15.37, a PEG ratio of 2.21 and a beta of 1.33. The firm has a 50 day simple moving average of $376.73 and a 200-day simple moving average of $380.59.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business 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%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.02 EPS. On average, research analysts predict that Ulta Beauty, Inc. will post 23.07 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.