Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lowered its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,084 shares of the specialty retailer’s stock after selling 112 shares during the quarter. GHP Investment Advisors Inc. owned 0.06% of Ulta Beauty worth $11,706,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ULTA. Pathway Financial Advisers LLC raised its position in shares of Ulta Beauty by 670.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 154 shares of the specialty retailer’s stock worth $60,000 after purchasing an additional 134 shares during the last quarter. Forsta AP Fonden increased its position in Ulta Beauty by 12.1% during the third quarter. Forsta AP Fonden now owns 10,200 shares of the specialty retailer’s stock worth $3,969,000 after buying an additional 1,100 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Ulta Beauty by 27.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,147 shares of the specialty retailer’s stock worth $1,675,000 after buying an additional 889 shares in the last quarter. Convergence Financial LLC raised its holdings in shares of Ulta Beauty by 55.1% in the third quarter. Convergence Financial LLC now owns 2,755 shares of the specialty retailer’s stock worth $1,072,000 after acquiring an additional 979 shares during the last quarter. Finally, Warther Private Wealth LLC lifted its position in shares of Ulta Beauty by 23.0% in the third quarter. Warther Private Wealth LLC now owns 29,792 shares of the specialty retailer’s stock valued at $11,593,000 after acquiring an additional 5,564 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several analyst reports. Evercore ISI cut their target price on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. TD Cowen cut their price objective on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Raymond James reduced their price objective on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Loop Capital lowered their target price on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Finally, Barclays increased their price target 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. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $420.71.

Ulta Beauty Price Performance

NASDAQ ULTA traded up $6.12 during trading hours on Friday, hitting $373.30. The company had a trading volume of 739,765 shares, compared to its average volume of 972,047. The firm’s 50 day moving average is $376.26 and its 200 day moving average is $384.10. The company has a market capitalization of $17.59 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 2.10 and a beta of 1.32. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.02 earnings per share. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.07 EPS for the current 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.