Ulta Beauty, Inc. (NASDAQ:ULTA) Stake Lessened by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 16.1% during the third quarter, HoldingsChannel reports. The fund owned 10,393 shares of the specialty retailer’s stock after selling 1,996 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ulta Beauty were worth $4,044,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted its position in shares of Ulta Beauty by 83.3% during the second 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 acquired a new stake in Ulta Beauty during the second quarter valued at approximately $32,000. Paladin Wealth LLC bought a new position in Ulta Beauty during the 3rd quarter worth approximately $32,000. Oakworth Capital Inc. acquired a new position in shares of Ulta Beauty in the 2nd quarter worth approximately $36,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Ulta Beauty during the 2nd quarter valued at approximately $39,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $394.06 on Tuesday. The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 2.22 and a beta of 1.33. The company has a 50 day simple moving average of $374.13 and a 200-day simple moving average of $376.13. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ULTA shares. Bank of America dropped their target price on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. The Goldman Sachs Group dropped their price target on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Wells Fargo & Company cut their price objective on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, August 30th. DA Davidson reduced their price target on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, BMO Capital Markets set a $385.00 price target on shares of Ulta Beauty in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $422.58.

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.