Prime Capital Investment Advisors LLC Sells 192 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Prime Capital Investment Advisors LLC trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 13.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,247 shares of the specialty retailer’s stock after selling 192 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Ulta Beauty were worth $485,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ULTA. International Assets Investment Management LLC grew its stake in Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after acquiring an additional 1,237,884 shares during the period. TD Asset Management Inc raised its position in shares of Ulta Beauty by 14.1% during the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after purchasing an additional 76,721 shares during the period. Alecta Tjanstepension Omsesidigt lifted its holdings in shares of Ulta Beauty by 14.4% in the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock worth $200,944,000 after purchasing an additional 65,000 shares in the last quarter. Boston Partners grew its position in Ulta Beauty by 47.7% in the 1st 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. Finally, Dimensional Fund Advisors LP increased its stake in Ulta Beauty by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock valued at $163,149,000 after purchasing an additional 24,822 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 4.6 %

Shares of NASDAQ:ULTA opened at $365.17 on Friday. The company has a 50-day moving average price of $380.11 and a two-hundred day moving average price of $379.67. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The firm has a market capitalization of $17.21 billion, a PE ratio of 14.65, a P/E/G ratio of 2.20 and a beta of 1.33.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the business posted $6.02 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. Analysts anticipate that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ULTA. Piper Sandler lifted their price objective on shares of Ulta Beauty from $356.00 to $357.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Canaccord Genuity Group decreased their price objective on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Barclays increased their price objective on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Citigroup cut their target price on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Finally, TD Cowen lowered their price target on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. 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 company’s stock. Based on data from MarketBeat.com, Ulta Beauty has a consensus rating of “Hold” and an average target price 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.