Nikulski Financial Inc. Decreases Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Nikulski Financial Inc. cut its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 20.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,411 shares of the specialty retailer’s stock after selling 354 shares during the period. Nikulski Financial Inc.’s holdings in Ulta Beauty were worth $549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Choreo LLC boosted its stake in shares of Ulta Beauty by 71.7% in the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock worth $1,103,000 after acquiring an additional 1,198 shares during the period. Duality Advisers LP grew its holdings in Ulta Beauty by 92.8% during the 1st quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer’s stock valued at $3,806,000 after buying an additional 3,504 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Ulta Beauty by 10.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer’s stock valued at $46,954,000 after buying an additional 8,337 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Ulta Beauty during the second quarter worth $19,136,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Ulta Beauty by 5.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock valued at $1,072,000 after acquiring an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Ulta Beauty from $450.00 to $472.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. The Goldman Sachs Group lowered their price target on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. UBS Group lowered their target price on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a report on Friday, August 30th. BMO Capital Markets set a $385.00 price objective on shares of Ulta Beauty in a research note on Thursday, October 17th. Finally, Robert W. Baird dropped their price objective on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $420.71.

Ulta Beauty Stock Down 1.7 %

Shares of ULTA stock traded down $6.32 during mid-day trading on Thursday, hitting $369.79. 76,035 shares of the stock were exchanged, compared to its average volume of 965,523. The company has a market cap of $17.42 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 2.14 and a beta of 1.32. The firm has a fifty day moving average of $376.44 and a 200 day moving average of $382.17. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data 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 firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the firm posted $6.02 earnings per share. Ulta Beauty’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

About Ulta Beauty

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.