Raymond James Trust N.A. Has $1.34 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Raymond James Trust N.A. trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 6.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,430 shares of the specialty retailer’s stock after selling 226 shares during the period. Raymond James Trust N.A.’s holdings in Ulta Beauty were worth $1,335,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. LRI Investments LLC bought a new stake in shares of Ulta Beauty during the 1st quarter worth about $31,000. UMB Bank n.a. lifted its holdings in Ulta Beauty by 83.3% in 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 during the last quarter. Innealta Capital LLC bought a new stake in Ulta Beauty during the second quarter worth approximately $32,000. Paladin Wealth LLC bought a new stake in Ulta Beauty during the third quarter worth approximately $32,000. Finally, Oakworth Capital Inc. acquired a new position in Ulta Beauty during the second quarter valued at approximately $36,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

ULTA opened at $338.38 on Friday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.95 and a beta of 1.33. The firm’s 50-day simple moving average is $376.80 and its 200-day simple moving average is $377.30.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ULTA. Wells Fargo & Company lowered their target price on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday, August 30th. Citigroup dropped their price objective on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. Evercore ISI decreased their target price on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. UBS Group dropped their price target on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Robert W. Baird reduced their price objective on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Two equities research 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. According to MarketBeat.com, the company currently has a consensus 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.