Victory Capital Management Inc. Lowers Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Victory Capital Management Inc. lessened its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 62.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,231 shares of the specialty retailer’s stock after selling 57,239 shares during the quarter. Victory Capital Management Inc. owned 0.07% of Ulta Beauty worth $13,320,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ULTA. Winslow Asset Management Inc. raised its holdings in Ulta Beauty by 0.9% in the third quarter. Winslow Asset Management Inc. now owns 17,118 shares of the specialty retailer’s stock valued at $6,661,000 after acquiring an additional 151 shares in the last quarter. Meridian Management Co. grew its position in Ulta Beauty by 2.0% in the 3rd quarter. Meridian Management Co. now owns 12,316 shares of the specialty retailer’s stock valued at $4,792,000 after buying an additional 239 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in Ulta Beauty by 2,683.3% in the third quarter. Rakuten Securities Inc. now owns 334 shares of the specialty retailer’s stock valued at $130,000 after acquiring an additional 322 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Ulta Beauty by 1.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 111,909 shares of the specialty retailer’s stock valued at $43,546,000 after acquiring an additional 1,687 shares during the period. Finally, Entropy Technologies LP raised its stake in shares of Ulta Beauty by 1.9% during the 3rd quarter. Entropy Technologies LP now owns 10,320 shares of the specialty retailer’s stock worth $4,016,000 after buying an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ULTA shares. BMO Capital Markets set a $385.00 target price on Ulta Beauty in a report on Thursday, October 17th. JPMorgan Chase & Co. boosted their price target on Ulta Beauty from $450.00 to $472.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reduced their price target on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Raymond James reduced their price target 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. Finally, Oppenheimer reissued an “outperform” rating and set a $435.00 price target on shares of Ulta Beauty in a research report on Wednesday, October 16th. Two investment 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’s stock. According to MarketBeat, Ulta Beauty has a consensus rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $343.26 on Thursday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The stock has a market cap of $16.17 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 2.10 and a beta of 1.33. The business has a fifty day moving average of $378.29 and a 200-day moving average of $378.08.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results 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 net margin of 10.68% and a return on equity of 54.02%. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the business earned $6.02 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Ulta Beauty Company 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.