Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Infusive Asset Management Inc.

Infusive Asset Management Inc. lessened its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,947 shares of the specialty retailer’s stock after selling 326 shares during the period. Ulta Beauty comprises 2.9% of Infusive Asset Management Inc.’s portfolio, making the stock its 12th largest holding. Infusive Asset Management Inc.’s holdings in Ulta Beauty were worth $6,984,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ULTA. 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 purchasing 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 acquired a new position in Ulta Beauty during the second quarter worth approximately $32,000. Paladin Wealth LLC acquired a new position in Ulta Beauty during the third quarter worth approximately $32,000. Finally, Oakworth Capital Inc. acquired a new position in Ulta Beauty during the second quarter worth approximately $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $375.25 on Friday. The firm’s 50-day moving average is $374.43 and its 200-day moving average is $376.67. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The company has a market cap of $17.68 billion, a P/E ratio of 15.06, a PEG ratio of 2.16 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last released 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 firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the business earned $6.02 EPS. The firm’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on ULTA shares. Canaccord Genuity Group dropped 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. TD Cowen dropped their price target on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. William Blair lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Robert W. Baird dropped their price objective on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Finally, Evercore ISI dropped 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 investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $422.58.

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.