Mediolanum International Funds Ltd Sells 164 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Mediolanum International Funds Ltd reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,583 shares of the specialty retailer’s stock after selling 164 shares during the period. Mediolanum International Funds Ltd’s holdings in Ulta Beauty were worth $8,705,000 at the end of the most recent reporting period.

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

Ulta Beauty Trading Up 1.7 %

Shares of NASDAQ ULTA opened at $373.30 on Friday. The stock has a market cap of $17.59 billion, a PE ratio of 14.98, a P/E/G ratio of 2.10 and a beta of 1.32. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The company has a 50-day moving average of $376.34 and a 200 day moving average of $384.65.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results 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 firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. Ulta Beauty’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm earned $6.02 earnings per share. On average, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ULTA shares. TD Cowen decreased their price objective on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a report on Thursday, October 17th. 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. Oppenheimer restated an “outperform” rating and set a $435.00 price objective on shares of Ulta Beauty in a report on Wednesday, October 16th. Loop Capital lowered their target price on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Finally, 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 research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $420.71.

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.