Victory Capital Management Inc. Has $13.32 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Victory Capital Management Inc. trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 62.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 34,231 shares of the specialty retailer’s stock after selling 57,239 shares during the period. Victory Capital Management Inc.’s holdings in Ulta Beauty were worth $13,320,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after acquiring an additional 1,237,884 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Ulta Beauty by 14.1% in the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock valued at $239,545,000 after acquiring an additional 76,721 shares in the last quarter. Alecta Tjanstepension Omsesidigt increased its position in Ulta Beauty by 14.4% in the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock worth $200,944,000 after buying an additional 65,000 shares during the period. Boston Partners increased its position in Ulta Beauty by 47.7% in the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock worth $246,862,000 after buying an additional 153,727 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Ulta Beauty by 6.2% in the 2nd 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 period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 0.3 %

ULTA opened at $343.26 on Thursday. The stock has a market cap of $16.17 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 2.10 and a beta of 1.33. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The business has a 50 day moving average of $378.29 and a 200-day moving average of $378.08.

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

Wall Street Analyst Weigh In

ULTA has been the topic of several recent research reports. UBS Group decreased their price objective on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $435.00 price target on shares of Ulta Beauty in a research note on Wednesday, October 16th. Bank of America reduced their price objective on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $450.00 price objective on shares of Ulta Beauty in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and a consensus price target 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.