Baldwin Investment Management LLC Lowers Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Baldwin Investment Management LLC decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,111 shares of the specialty retailer’s stock after selling 284 shares during the quarter. Baldwin Investment Management LLC’s holdings in Ulta Beauty were worth $2,378,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sage Capital Advisors llc increased its holdings in shares of Ulta Beauty by 5.4% in the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock valued at $203,000 after acquiring an additional 27 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Ulta Beauty by 4.7% during the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 28 shares during the last quarter. UMB Bank n.a. increased its stake 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. AdvisorNet Financial Inc raised its holdings in shares of Ulta Beauty by 5.0% during the second quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock worth $268,000 after purchasing an additional 33 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its position in shares of Ulta Beauty by 1.0% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock worth $1,349,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 0.6 %

NASDAQ:ULTA opened at $360.47 on Wednesday. The stock has a fifty day simple moving average of $375.54 and a 200 day simple moving average of $376.69. The firm has a market capitalization of $16.99 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 2.08 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.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (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 analyst estimates of $2.61 billion. During the same quarter in the prior year, the firm earned $6.02 EPS. The firm’s revenue was up .9% compared to the same quarter last year. Equities analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ULTA. B. Riley assumed coverage on shares of Ulta Beauty in a research note on Tuesday, September 10th. They set a “sell” rating and a $300.00 price objective on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $450.00 price target on shares of Ulta Beauty in a report on Thursday, October 17th. Wells Fargo & Company reduced their price objective on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft cut their target price on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, BMO Capital Markets set a $385.00 price target on shares of Ulta Beauty in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and an average target price of $420.71.

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.