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

Baldwin Investment Management LLC cut its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,111 shares of the specialty retailer’s stock after selling 284 shares during the period. Baldwin Investment Management LLC’s holdings in Ulta Beauty were worth $2,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kennedy Capital Management LLC raised its stake in Ulta Beauty by 4.3% in the first quarter. Kennedy Capital Management LLC now owns 5,832 shares of the specialty retailer’s stock valued at $3,049,000 after buying an additional 242 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Ulta Beauty by 20.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,981 shares of the specialty retailer’s stock worth $2,082,000 after purchasing an additional 680 shares during the last quarter. Wahed Invest LLC lifted its stake in Ulta Beauty by 20.0% during the first quarter. Wahed Invest LLC now owns 1,002 shares of the specialty retailer’s stock worth $524,000 after purchasing an additional 167 shares during the last quarter. Virtu Financial LLC acquired a new position in Ulta Beauty in the first quarter valued at approximately $1,947,000. Finally, LRI Investments LLC purchased a new position in Ulta Beauty in the first quarter valued at approximately $31,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. DA Davidson dropped their target price on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $450.00 price objective on shares of Ulta Beauty in a research report on Thursday, October 17th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Saturday, September 28th. BMO Capital Markets set a $385.00 price objective on shares of Ulta Beauty in a research report on Thursday, October 17th. Finally, Evercore ISI cut their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $420.71.

Ulta Beauty Trading Down 0.6 %

NASDAQ:ULTA opened at $360.47 on Wednesday. The company has a market capitalization of $16.99 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 2.08 and a beta of 1.33. The firm has a 50-day moving average price of $375.54 and a two-hundred day moving average price of $376.69. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share 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 analysts’ expectations of $2.61 billion. During the same period last year, the business earned $6.02 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Ulta Beauty 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.