Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by LGT Financial Advisors LLC

LGT Financial Advisors LLC lowered its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 43.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79 shares of the specialty retailer’s stock after selling 60 shares during the period. LGT Financial Advisors LLC’s holdings in Ulta Beauty were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in shares of Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after purchasing an additional 1,237,884 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Ulta Beauty by 87.3% during the second quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock worth $130,380,000 after buying an additional 157,497 shares during the period. Boston Partners increased its position in shares of Ulta Beauty by 47.7% during the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after acquiring an additional 153,727 shares during the last quarter. TD Asset Management Inc raised its position in Ulta Beauty by 33.6% in the first quarter. TD Asset Management Inc now owns 544,072 shares of the specialty retailer’s stock valued at $284,484,000 after purchasing an additional 136,725 shares during the period. Finally, Swedbank AB lifted its stake in Ulta Beauty by 107.0% during the 2nd quarter. Swedbank AB now owns 240,191 shares of the specialty retailer’s stock worth $92,683,000 after acquiring an additional 124,164 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $387.53 on Thursday. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The company has a market cap of $18.26 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 2.21 and a beta of 1.33. The business has a fifty day moving average of $377.14 and a two-hundred day moving average of $380.63.

Ulta Beauty (NASDAQ:ULTA) last issued its 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 company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the business posted $6.02 earnings per share. Sell-side analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ULTA shares. Loop Capital reduced their target price on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. Evercore ISI dropped their price target on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Canaccord Genuity Group cut their price target on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Two investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $420.71.

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.