GSB Wealth Management LLC Trims Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

GSB Wealth Management LLC cut its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 59.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 577 shares of the specialty retailer’s stock after selling 853 shares during the period. GSB Wealth Management LLC’s holdings in Ulta Beauty were worth $225,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC boosted its stake in Ulta Beauty by 670.0% during the third quarter. Pathway Financial Advisers LLC now owns 154 shares of the specialty retailer’s stock worth $60,000 after buying an additional 134 shares during the period. Nicholas Hoffman & Company LLC. acquired a new position in shares of Ulta Beauty in the 3rd quarter worth approximately $586,000. Hedeker Wealth LLC lifted its holdings in shares of Ulta Beauty by 6.6% in the 3rd quarter. Hedeker Wealth LLC now owns 6,972 shares of the specialty retailer’s stock worth $2,713,000 after acquiring an additional 429 shares during the last quarter. Integrated Advisors Network LLC boosted its position in shares of Ulta Beauty by 15.3% during the 3rd quarter. Integrated Advisors Network LLC now owns 1,330 shares of the specialty retailer’s stock worth $518,000 after purchasing an additional 176 shares during the period. Finally, SFE Investment Counsel increased its holdings in Ulta Beauty by 325.1% in the 3rd quarter. SFE Investment Counsel now owns 5,123 shares of the specialty retailer’s stock valued at $1,993,000 after purchasing an additional 3,918 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Robert W. Baird decreased their price target on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. BMO Capital Markets set a $385.00 target price on Ulta Beauty in a report on Thursday, October 17th. Raymond James dropped their target price on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. The Goldman Sachs Group reduced their price target on shares of 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, Citigroup dropped their price objective on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and an average price target of $420.71.

Ulta Beauty Trading Down 1.0 %

ULTA stock opened at $376.11 on Thursday. The company’s 50 day moving average is $376.44 and its two-hundred day moving average is $382.17. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The stock has a market cap of $17.72 billion, a P/E ratio of 15.09, a PEG ratio of 2.14 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly 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). 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 analyst estimates of $2.61 billion. During the same quarter in the prior year, the business earned $6.02 earnings per share. Ulta Beauty’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share 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.