Bridgewater Associates LP Sells 30,173 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Bridgewater Associates LP cut its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 48.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,315 shares of the specialty retailer’s stock after selling 30,173 shares during the quarter. Bridgewater Associates LP owned approximately 0.07% of Ulta Beauty worth $12,574,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. boosted its stake in Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares during the period. 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 currently owned by institutional investors.

Ulta Beauty Stock Up 4.1 %

ULTA stock opened at $375.25 on Friday. The business’s fifty day simple moving average is $374.43 and its two-hundred day simple moving average is $376.67. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The firm has a market cap of $17.68 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 2.16 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last posted 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 return on equity of 54.02% and a net margin of 10.68%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the company posted $6.02 EPS. Ulta Beauty’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Analysts Set New Price Targets

ULTA has been the subject of a number of research reports. TD Cowen lowered their target price on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Loop Capital lowered their target price on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. UBS Group lowered their target price on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Canaccord Genuity Group lowered their target price on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Finally, Wells Fargo & Company lowered their target price 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. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Ulta Beauty has an average rating of “Hold” and a consensus target price of $420.71.

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.