Ulta Beauty, Inc. (NASDAQ:ULTA) Position Reduced by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,509 shares of the specialty retailer’s stock after selling 219 shares during the period. Daiwa Securities Group Inc.’s holdings in Ulta Beauty were worth $2,533,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Choreo LLC raised its stake in Ulta Beauty by 71.7% during the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after buying an additional 1,198 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Ulta Beauty in the 2nd quarter worth about $19,136,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Ulta Beauty by 5.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock valued at $1,072,000 after buying an additional 139 shares during the period. Jensen Investment Management Inc. grew its holdings in shares of Ulta Beauty by 17.9% during the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $4,409,000 after purchasing an additional 1,720 shares during the last quarter. Finally, Distillate Capital Partners LLC acquired a new stake in shares of Ulta Beauty during the 2nd quarter worth approximately $14,665,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Up 4.1 %

Shares of Ulta Beauty stock opened at $375.25 on Thursday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The stock has a 50-day moving average price of $374.99 and a 200 day moving average price of $376.68. The company has a market cap of $17.68 billion, a P/E ratio of 15.06, a P/E/G ratio of 2.08 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly 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 return on equity of 54.02% and a net margin of 10.68%. 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 prior year, the business posted $6.02 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ULTA shares. Loop Capital reduced their price objective on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. Raymond James lowered their price target on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. The Goldman Sachs Group decreased their target price on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. JPMorgan Chase & Co. raised their price target 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. Finally, Oppenheimer reiterated an “outperform” rating and set a $435.00 price objective on shares of Ulta Beauty in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.