QRG Capital Management Inc. Has $4.60 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

QRG Capital Management Inc. decreased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 37.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 11,824 shares of the specialty retailer’s stock after selling 7,157 shares during the quarter. QRG Capital Management Inc.’s holdings in Ulta Beauty were worth $4,601,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in shares of Ulta Beauty in the first quarter worth approximately $31,000. UMB Bank n.a. raised its position in 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 last quarter. Innealta Capital LLC bought a new position in Ulta Beauty during the 2nd quarter valued at $32,000. Paladin Wealth LLC purchased a new position in Ulta Beauty during the 3rd quarter worth $32,000. Finally, Crewe Advisors LLC purchased a new position in Ulta Beauty during the 1st quarter worth $44,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $382.91 on Wednesday. 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 moving average of $376.73 and a 200 day moving average of $380.59. The firm has a market capitalization of $18.04 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 2.17 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $6.02 EPS. Equities analysts forecast that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ULTA shares. Citigroup dropped their price target on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. JPMorgan Chase & Co. increased their price objective on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft cut their target price on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $450.00 price target on shares of Ulta Beauty in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group dropped their price target on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.