Mutual of America Capital Management LLC Lowers Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Mutual of America Capital Management LLC reduced its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,880 shares of the specialty retailer’s stock after selling 170 shares during the period. Mutual of America Capital Management LLC’s holdings in Ulta Beauty were worth $2,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Ulta Beauty Stock Down 0.1 %

NASDAQ:ULTA opened at $338.38 on Monday. The company has a market capitalization of $15.94 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.94 and a beta of 1.33. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The stock has a fifty day simple moving average of $376.80 and a 200-day simple moving average of $377.22.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the company earned $6.02 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts anticipate that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Loop Capital dropped their price target on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. The Goldman Sachs Group lowered their target price on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. TD Cowen reduced 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. Piper Sandler raised their price objective on shares of Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Bank of America reduced their target price on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty currently has an average rating of “Hold” and an average price target of $420.71.

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.