Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC reduced its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 42.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,537 shares of the specialty retailer’s stock after selling 1,124 shares during the period. Exchange Traded Concepts LLC’s holdings in Ulta Beauty were worth $598,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ULTA. Riverview Trust Co acquired a new stake in Ulta Beauty during the 1st quarter worth approximately $30,000. Sound Income Strategies LLC raised its holdings in Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 49 shares in the last quarter. LRI Investments LLC acquired a new stake in Ulta Beauty in the first quarter valued at about $31,000. UMB Bank n.a. lifted its holdings in shares of Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 30 shares during the period. Finally, Innealta Capital LLC purchased a new stake in shares of Ulta Beauty in the second quarter valued at approximately $32,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

ULTA stock opened at $368.92 on Friday. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 2.12 and a beta of 1.32. The company has a 50-day moving average of $373.91 and a two-hundred day moving average of $387.32.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 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 company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the company earned $6.02 earnings per share. Ulta Beauty’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts expect that Ulta Beauty, Inc. will post 23.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of recent analyst reports. BMO Capital Markets set a $385.00 target price on Ulta Beauty in a report on Thursday. Citigroup lowered their price target on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Loop Capital cut their price target on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. DA Davidson dropped their target price on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Evercore ISI reduced their target price on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and a consensus price target of $423.71.

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.