Tradewinds LLC. Has $1.31 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Tradewinds LLC. reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 12.5% during the third quarter, HoldingsChannel reports. The firm owned 3,369 shares of the specialty retailer’s stock after selling 483 shares during the quarter. Tradewinds LLC.’s holdings in Ulta Beauty were worth $1,311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Landscape Capital Management L.L.C. bought a new stake in Ulta Beauty during the 3rd quarter worth $5,232,000. Aurora Investment Counsel bought a new stake in shares of Ulta Beauty during the third quarter worth about $2,566,000. Citizens Financial Group Inc. RI increased its stake in shares of Ulta Beauty by 8.3% in the third quarter. Citizens Financial Group Inc. RI now owns 2,411 shares of the specialty retailer’s stock valued at $938,000 after buying an additional 185 shares during the period. Moran Wealth Management LLC raised its holdings in Ulta Beauty by 18.1% in the 3rd quarter. Moran Wealth Management LLC now owns 14,406 shares of the specialty retailer’s stock valued at $5,606,000 after buying an additional 2,209 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Ulta Beauty during the 3rd quarter worth approximately $359,480,000. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ULTA has been the subject of several recent research reports. UBS Group decreased their price target on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research report on Friday, August 30th. TD Cowen lowered their target price on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. 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. Evercore ISI lowered their price objective on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. Finally, B. Riley initiated coverage on Ulta Beauty in a report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 target price on the stock. Two 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 MarketBeat.com, Ulta Beauty currently has a consensus rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $343.26 on Thursday. The business has a 50-day simple moving average of $378.29 and a 200 day simple moving average of $378.08. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The firm has a market capitalization of $16.17 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.97 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 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 firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the firm earned $6.02 EPS. The company’s revenue was up .9% compared to the same quarter last year. On average, sell-side analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

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.