Ulta Beauty Inc. $ULTA Stock Holdings Cut by Amundi

Amundi reduced its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 21.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 353,226 shares of the specialty retailer’s stock after selling 97,013 shares during the quarter. Amundi owned about 0.78% of Ulta Beauty worth $129,902,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Ulta Beauty by 17.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer’s stock valued at $2,190,000 after purchasing an additional 924 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in Ulta Beauty by 14.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer’s stock valued at $435,000 after purchasing an additional 152 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in Ulta Beauty during the 1st quarter valued at $201,000. Farther Finance Advisors LLC boosted its stake in Ulta Beauty by 128.9% during the 1st quarter. Farther Finance Advisors LLC now owns 737 shares of the specialty retailer’s stock valued at $275,000 after purchasing an additional 415 shares in the last quarter. Finally, Kaufman Rossin Wealth LLC bought a new position in Ulta Beauty during the 1st quarter valued at $250,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Down 2.8%

Shares of NASDAQ:ULTA opened at $514.86 on Friday. The company’s fifty day moving average is $504.79 and its two-hundred day moving average is $432.06. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $539.00. The company has a market cap of $23.09 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 2.92 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.03 by $0.75. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the business earned $5.30 EPS. The company’s revenue was up 9.3% on a year-over-year basis. Equities research analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price objective on Ulta Beauty from $530.00 to $584.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Evercore ISI increased their price objective on Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Robert W. Baird increased their price objective on Ulta Beauty from $575.00 to $600.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. increased their price objective on Ulta Beauty from $525.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Finally, Barclays increased their price objective on Ulta Beauty from $589.00 to $617.00 and gave the company an “overweight” rating in a research report on Tuesday. Fourteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $543.13.

About Ulta Beauty

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.