Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC cut its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 29.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 590 shares of the specialty retailer’s stock after selling 249 shares during the quarter. Pzena Investment Management LLC’s holdings in Ulta Beauty were worth $230,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC boosted its position in shares of Ulta Beauty by 35.0% during the 1st quarter. Orion Portfolio Solutions LLC now owns 2,100 shares of the specialty retailer’s stock valued at $1,098,000 after acquiring an additional 545 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Ulta Beauty by 5.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,205 shares of the specialty retailer’s stock valued at $1,676,000 after purchasing an additional 159 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Ulta Beauty in the 1st quarter valued at approximately $44,000. EntryPoint Capital LLC acquired a new stake in shares of Ulta Beauty during the 1st quarter worth approximately $110,000. Finally, CreativeOne Wealth LLC purchased a new stake in shares of Ulta Beauty during the 1st quarter valued at approximately $281,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 0.3 %

Shares of NASDAQ:ULTA opened at $343.26 on Thursday. The business has a fifty day simple moving average of $378.29 and a 200-day simple moving average of $378.08. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a market cap of $16.17 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.97 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data 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 return on equity of 54.02% and a net margin of 10.68%. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the previous year, the company earned $6.02 earnings per share. The company’s revenue was up .9% on a year-over-year basis. Sell-side analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ULTA has been the topic of a number of research analyst reports. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Evercore ISI reduced their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. Stifel Nicolaus increased their target price on shares of Ulta Beauty from $385.00 to $395.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. lifted their price target on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Citigroup decreased their price objective on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $420.71.

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.