Fiduciary Trust Co Sells 295 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Fiduciary Trust Co lessened its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,528 shares of the specialty retailer’s stock after selling 295 shares during the period. Fiduciary Trust Co’s holdings in Ulta Beauty were worth $4,097,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Ulta Beauty during the 1st quarter worth approximately $31,000. Innealta Capital LLC acquired a new stake in shares of Ulta Beauty during the 2nd quarter worth approximately $32,000. Paladin Wealth LLC acquired a new stake in shares of Ulta Beauty during the 3rd quarter worth approximately $32,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Ulta Beauty during the 2nd quarter worth approximately $36,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ULTA. Loop Capital decreased their price objective on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $435.00 price target on shares of Ulta Beauty in a research note on Wednesday, October 16th. BMO Capital Markets set a $385.00 price target on Ulta Beauty in a research note on Thursday, October 17th. Bank of America decreased their price target on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. Finally, StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. Two equities research 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. According to data from MarketBeat, Ulta Beauty currently has an average rating of “Hold” and an average target price of $420.71.

Ulta Beauty Trading Up 4.1 %

NASDAQ ULTA opened at $375.25 on Friday. The stock has a 50-day simple moving average of $374.43 and a 200 day simple moving average of $376.67. The company has a market capitalization of $17.68 billion, a PE ratio of 15.06, a P/E/G ratio of 2.16 and a beta of 1.33. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (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 business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the company earned $6.02 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal 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.