Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Infusive Asset Management Inc.

Infusive Asset Management Inc. lowered its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,947 shares of the specialty retailer’s stock after selling 326 shares during the period. Ulta Beauty makes up approximately 2.9% of Infusive Asset Management Inc.’s portfolio, making the stock its 12th largest position. Infusive Asset Management Inc.’s holdings in Ulta Beauty were worth $6,984,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. LRI Investments LLC purchased a new position in shares of Ulta Beauty during the 1st quarter worth approximately $31,000. UMB Bank n.a. boosted its position in shares of Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares during the period. Innealta Capital LLC purchased a new position in shares of Ulta Beauty during the 2nd quarter worth approximately $32,000. Paladin Wealth LLC purchased a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $32,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Ulta Beauty during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the subject of a number of research analyst reports. Canaccord Genuity Group lowered their price objective 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. Oppenheimer reissued an “outperform” rating and issued a $435.00 price target on shares of Ulta Beauty in a research report on Wednesday, October 16th. BMO Capital Markets set a $385.00 price target on shares of Ulta Beauty in a research report on Thursday, October 17th. UBS Group decreased their price target on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Robert W. Baird decreased their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and an average target price of $422.58.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $375.25 on Friday. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The company has a market capitalization of $17.68 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 2.16 and a beta of 1.33. The firm’s 50-day moving average is $374.43 and its two-hundred day moving average is $376.67.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the company earned $6.02 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts forecast that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

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.