Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. decreased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,364 shares of the specialty retailer’s stock after selling 68 shares during the quarter. Griffin Asset Management Inc.’s holdings in Ulta Beauty were worth $4,422,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. TD Asset Management Inc boosted its stake in Ulta Beauty by 14.1% in the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after buying an additional 76,721 shares during the last quarter. Boston Partners grew its stake in Ulta Beauty by 47.7% during the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after purchasing an additional 153,727 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ulta Beauty by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock worth $163,149,000 after buying an additional 24,822 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Ulta Beauty by 1.2% in the 1st quarter. Bessemer Group Inc. now owns 357,503 shares of the specialty retailer’s stock valued at $186,933,000 after purchasing an additional 4,344 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its position in shares of Ulta Beauty by 26.4% in the 2nd quarter. Epoch Investment Partners Inc. now owns 356,128 shares of the specialty retailer’s stock worth $137,419,000 after acquiring an additional 74,319 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

ULTA has been the subject of several analyst reports. Citigroup reduced their price target on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Robert W. Baird reduced their target price on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. Evercore ISI reduced their price objective on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. Piper Sandler reissued a “neutral” rating and issued a $356.00 price target (down from $404.00) on shares of Ulta Beauty in a report on Friday, August 30th. Finally, BMO Capital Markets reduced their target price on Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $423.67.

Ulta Beauty Stock Performance

Shares of ULTA opened at $369.49 on Wednesday. The firm has a market cap of $17.63 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 2.05 and a beta of 1.32. The firm has a 50 day moving average price of $371.05 and a 200-day moving average price of $388.66. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $6.02 EPS. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.21 earnings per share for the current year.

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.