Citizens Financial Group Inc. RI Has $938,000 Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Citizens Financial Group Inc. RI lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,411 shares of the specialty retailer’s stock after purchasing an additional 185 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Ulta Beauty were worth $938,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. LRI Investments LLC bought a new stake in Ulta Beauty during the 1st quarter worth about $31,000. UMB Bank n.a. increased its position in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 30 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Ulta Beauty in the second quarter valued at about $32,000. Paladin Wealth LLC bought a new stake in Ulta Beauty during the third quarter worth about $32,000. Finally, Oakworth Capital Inc. acquired a new position in Ulta Beauty during the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the topic of a number of analyst reports. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday. B. Riley began coverage on shares of Ulta Beauty in a research note on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price target for the company. Raymond James dropped their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Telsey Advisory Group reiterated an “outperform” rating and issued a $450.00 target price on shares of Ulta Beauty in a research note on Thursday, October 17th. Finally, DA Davidson lowered their price target on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $420.71.

Ulta Beauty Stock Down 0.1 %

NASDAQ ULTA opened at $338.38 on Friday. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The firm has a 50-day moving average price of $376.80 and a two-hundred day moving average price of $377.41. The company has a market capitalization of $15.94 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.97 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last issued 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 net margin of 10.68% and a return on equity of 54.02%. The company 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 firm posted $6.02 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

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.