Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 29.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 590 shares of the specialty retailer’s stock after selling 249 shares during the quarter. Pzena Investment Management LLC’s holdings in Ulta Beauty were worth $230,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ULTA. Sage Capital Advisors llc raised its position in Ulta Beauty by 5.4% in the second quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock valued at $203,000 after purchasing an additional 27 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Ulta Beauty by 4.7% during the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 28 shares during the period. UMB Bank n.a. lifted its position in shares of 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 purchasing an additional 30 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Ulta Beauty by 5.0% in the second quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock valued at $268,000 after purchasing an additional 33 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its holdings in Ulta Beauty by 1.0% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock valued at $1,349,000 after purchasing an additional 33 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Trading Up 0.3 %

ULTA opened at $343.26 on Thursday. The stock’s 50 day simple moving average is $378.29 and its 200-day simple moving average is $378.08. The stock has a market cap of $16.17 billion, a PE ratio of 13.77, a P/E/G ratio of 1.97 and a beta of 1.33. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

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 analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the business earned $6.02 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts forecast that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ULTA. Barclays boosted their price objective on shares of Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. DA Davidson cut their price target on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Raymond James dropped their price objective on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. B. Riley began coverage on Ulta Beauty in a research report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 target price on the stock. Finally, Canaccord Genuity Group decreased their price target on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.