Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by LGT Financial Advisors LLC

LGT Financial Advisors LLC cut its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 43.2% during the 3rd quarter, Holdings Channel reports. The firm owned 79 shares of the specialty retailer’s stock after selling 60 shares during the period. LGT Financial Advisors LLC’s holdings in Ulta Beauty were worth $31,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ULTA. Meeder Advisory Services Inc. grew its holdings in Ulta Beauty by 5.8% during the 1st quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock valued at $250,000 after buying an additional 26 shares during the last quarter. Sage Capital Advisors llc increased its position in Ulta Beauty by 5.4% during the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 27 shares in the last quarter. Farther Finance Advisors LLC increased its position in Ulta Beauty by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after purchasing an additional 28 shares in the last quarter. UMB Bank n.a. raised 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 valued at $25,000 after purchasing an additional 30 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in shares of Ulta Beauty by 5.0% during the 2nd 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 last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Up 1.2 %

NASDAQ:ULTA opened at $387.53 on Thursday. The company has a market cap of $18.26 billion, a PE ratio of 15.55, a P/E/G ratio of 2.21 and a beta of 1.33. The business’s 50 day moving average is $377.14 and its two-hundred day moving average is $380.63. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the firm earned $6.02 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, sell-side analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ULTA shares. Stifel Nicolaus boosted their price objective on shares of Ulta Beauty from $385.00 to $395.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Evercore ISI reduced their price target on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Piper Sandler lifted their price objective on Ulta Beauty from $356.00 to $357.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Canaccord Genuity Group dropped their target price on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Finally, Bank of America decreased their price target on 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 given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average 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.