Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Investidor Profissional Gestao de Recursos Ltda.

Investidor Profissional Gestao de Recursos Ltda. reduced its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 38.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 977 shares of the specialty retailer’s stock after selling 615 shares during the quarter. Ulta Beauty comprises approximately 0.2% of Investidor Profissional Gestao de Recursos Ltda.’s portfolio, making the stock its 18th biggest position. Investidor Profissional Gestao de Recursos Ltda.’s holdings in Ulta Beauty were worth $380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after purchasing an additional 1,237,884 shares in the last quarter. Hsbc Holdings PLC boosted its position in Ulta Beauty by 87.3% during the second quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after acquiring an additional 157,497 shares during the last quarter. Boston Partners grew its position in shares of Ulta Beauty by 47.7% in the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after purchasing an additional 153,727 shares during the period. Swedbank AB grew its holdings in Ulta Beauty by 107.0% in the 2nd quarter. Swedbank AB now owns 240,191 shares of the specialty retailer’s stock valued at $92,683,000 after buying an additional 124,164 shares during the period. Finally, TD Asset Management Inc grew its holdings in Ulta Beauty by 14.1% in the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock valued at $239,545,000 after purchasing an additional 76,721 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ULTA. Deutsche Bank Aktiengesellschaft lowered their price target on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. The Goldman Sachs Group cut their price objective on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Canaccord Genuity Group dropped their target price on shares of 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 reduced their price objective on Ulta Beauty from $325.00 to $300.00 and set an “underweight” 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 given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Ulta Beauty has a consensus rating of “Hold” and an average target price of $420.71.

Ulta Beauty Trading Down 4.6 %

NASDAQ:ULTA opened at $365.17 on Monday. The firm has a market capitalization of $17.21 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 2.10 and a beta of 1.33. The business’s fifty day moving average price is $380.06 and its 200 day moving average price is $379.02. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76.

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. Equities analysts forecast that Ulta Beauty, Inc. will post 23.07 earnings per share for the current 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.