Ulta Beauty, Inc. (NASDAQ:ULTA) Position Lessened by Bank of Montreal Can

Bank of Montreal Can trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 32.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,774 shares of the specialty retailer’s stock after selling 43,024 shares during the quarter. Bank of Montreal Can owned about 0.19% of Ulta Beauty worth $35,866,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in Ulta Beauty during the first quarter worth $31,000. UMB Bank n.a. increased its position in Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after buying an additional 30 shares during the last quarter. Innealta Capital LLC acquired a new position in Ulta Beauty during the second quarter worth $32,000. Paladin Wealth LLC acquired a new position in Ulta Beauty during the third quarter worth $32,000. Finally, Oakworth Capital Inc. acquired a new position in Ulta Beauty during the second quarter worth $36,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 4.1 %

NASDAQ:ULTA opened at $375.25 on Friday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The firm has a 50 day moving average of $374.43 and a 200-day moving average of $376.67. The stock has a market capitalization of $17.68 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 2.08 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the firm posted $6.02 EPS. The business’s revenue was up .9% on a year-over-year basis. As a group, analysts forecast that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on ULTA shares. TD Cowen lowered their target price on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. JPMorgan Chase & Co. raised their price target on Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Wells Fargo & Company lowered their price target on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, August 30th. Finally, Loop Capital lowered their price target on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $420.71.

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.