Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Acquired by Lindenwold Advisors INC

Lindenwold Advisors INC grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,826 shares of the specialty retailer’s stock after purchasing an additional 82 shares during the quarter. Lindenwold Advisors INC’s holdings in Ulta Beauty were worth $1,878,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 30 shares during the last quarter. LRI Investments LLC acquired a new position in Ulta Beauty during the first quarter worth approximately $31,000. Innealta Capital LLC purchased a new stake in Ulta Beauty in the 2nd quarter valued at $32,000. Paladin Wealth LLC purchased a new stake in shares of Ulta Beauty in the third quarter valued at about $32,000. Finally, Oakworth Capital Inc. acquired a new stake in Ulta Beauty during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Down 3.2 %

ULTA opened at $353.35 on Tuesday. The firm has a market capitalization of $16.65 billion, a P/E ratio of 14.18, a P/E/G ratio of 2.10 and a beta of 1.33. The firm’s 50 day moving average is $379.50 and its 200-day moving average is $378.71. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group lowered their price objective on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. UBS Group cut their target price 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. Raymond James reduced their price objective on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. Wells Fargo & Company decreased their target price on shares of 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, DA Davidson lowered their price target on Ulta Beauty from $507.00 to $435.00 and set a “buy” 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 assigned a buy rating to the company. According to data from MarketBeat, Ulta Beauty has an average rating of “Hold” and a consensus price target of $420.71.

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.