Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,842 shares of the specialty retailer’s stock after selling 967 shares during the period. Ulta Beauty comprises 1.3% of Forte Capital LLC ADV’s investment portfolio, making the stock its 21st largest position. Forte Capital LLC ADV owned 0.06% of Ulta Beauty worth $11,223,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. increased 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 worth $25,000 after buying an additional 30 shares during the last quarter. LRI Investments LLC bought a new stake in Ulta Beauty during the first quarter valued at $31,000. Innealta Capital LLC bought a new stake in Ulta Beauty during the second quarter valued at $32,000. Paladin Wealth LLC bought a new stake in Ulta Beauty during the third quarter valued at $32,000. Finally, Oakworth Capital Inc. bought a new stake in Ulta Beauty during the second quarter valued at $36,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ULTA shares. Citigroup reduced their price target on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a report on Friday, August 30th. BMO Capital Markets set a $385.00 price target on shares of Ulta Beauty in a report on Thursday, October 17th. Robert W. Baird reduced their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a report on Friday, August 23rd. JPMorgan Chase & Co. boosted 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. Finally, Evercore ISI reduced their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $420.71.

Ulta Beauty Trading Up 1.2 %

NASDAQ ULTA opened at $387.53 on Thursday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The stock’s 50-day moving average price is $377.14 and its two-hundred day moving average price is $380.63. The company has a market cap of $18.26 billion, a PE ratio of 15.55, a PEG ratio of 2.21 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 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the business earned $6.02 EPS. Research analysts forecast 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.