Palouse Capital Management Inc. Sells 50 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Palouse Capital Management Inc. reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,948 shares of the specialty retailer’s stock after selling 50 shares during the period. Palouse Capital Management Inc.’s holdings in Ulta Beauty were worth $1,147,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Choreo LLC lifted its holdings in shares of Ulta Beauty by 71.7% during the 2nd quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after purchasing an additional 1,198 shares in the last quarter. Duality Advisers LP boosted its holdings in shares of Ulta Beauty by 92.8% in the first quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer’s stock valued at $3,806,000 after buying an additional 3,504 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Ulta Beauty by 10.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer’s stock worth $46,954,000 after acquiring an additional 8,337 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Ulta Beauty in the 2nd quarter valued at $19,136,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Ulta Beauty by 5.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock worth $1,072,000 after purchasing an additional 139 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Down 0.0 %

NASDAQ:ULTA traded down $0.11 on Monday, reaching $368.81. 813,395 shares of the stock traded hands, compared to its average volume of 970,975. The firm has a market capitalization of $17.38 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 2.12 and a beta of 1.32. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The company’s 50 day moving average is $373.91 and its 200-day moving average is $386.02.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share 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 business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the business posted $6.02 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that Ulta Beauty, Inc. will post 23.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ULTA shares. Stifel Nicolaus increased their price objective on Ulta Beauty from $385.00 to $395.00 and gave the stock a “hold” rating in a report on Thursday. Barclays boosted their price target on shares of Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Evercore ISI lowered their target price on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. Wells Fargo & Company decreased their price target on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, August 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $450.00 price objective on shares of Ulta Beauty in a report on Thursday. Two equities research 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.com, Ulta Beauty currently has an average rating of “Hold” and an average price target 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.