Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,927 shares of the specialty retailer’s stock after selling 1,594 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.09% of Ulta Beauty worth $15,926,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Cetera Investment Advisers raised its stake in shares of Ulta Beauty by 34.3% in the first quarter. Cetera Investment Advisers now owns 13,471 shares of the specialty retailer’s stock worth $7,044,000 after purchasing an additional 3,443 shares during the last quarter. Cetera Advisors LLC raised its position in Ulta Beauty by 201.3% during the 1st quarter. Cetera Advisors LLC now owns 4,134 shares of the specialty retailer’s stock worth $2,162,000 after buying an additional 2,762 shares during the last quarter. GAMMA Investing LLC lifted its stake in Ulta Beauty by 38.4% during the 2nd quarter. GAMMA Investing LLC now owns 335 shares of the specialty retailer’s stock valued at $129,000 after acquiring an additional 93 shares during the period. DNB Asset Management AS boosted its holdings in shares of Ulta Beauty by 4.1% in the 2nd quarter. DNB Asset Management AS now owns 8,431 shares of the specialty retailer’s stock valued at $3,253,000 after acquiring an additional 332 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its holdings in shares of Ulta Beauty by 4.3% in the 2nd quarter. Douglas Lane & Associates LLC now owns 2,238 shares of the specialty retailer’s stock valued at $864,000 after acquiring an additional 92 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ULTA shares. Raymond James decreased their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Piper Sandler upped their target price on Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Canaccord Genuity Group reduced their price target 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. The Goldman Sachs Group lowered their price objective on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, Robert W. Baird cut their target price on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $422.58.

Ulta Beauty Stock Up 3.0 %

Shares of NASDAQ ULTA opened at $386.64 on Monday. The firm has a 50-day simple moving average of $374.12 and a 200-day simple moving average of $376.18. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 2.22 and a beta of 1.33. 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 quarterly earnings data 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 business had revenue of $2.55 billion during 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 firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.02 EPS. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Ulta Beauty 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.