Atria Investments Inc Trims Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Atria Investments Inc cut its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 47.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,623 shares of the specialty retailer’s stock after selling 2,413 shares during the quarter. Atria Investments Inc’s holdings in Ulta Beauty were worth $1,021,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Choreo LLC boosted its stake in Ulta Beauty by 71.7% in the 2nd quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock worth $1,103,000 after purchasing an additional 1,198 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Ulta Beauty in the second quarter worth approximately $19,136,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Ulta Beauty by 5.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock valued at $1,072,000 after buying an additional 139 shares during the last quarter. Distillate Capital Partners LLC bought a new stake in shares of Ulta Beauty during the second quarter valued at approximately $14,665,000. Finally, LRI Investments LLC purchased a new position in Ulta Beauty in the 1st quarter worth approximately $34,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ULTA has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. The Goldman Sachs Group decreased their target price on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Loop Capital dropped their price target on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd. UBS Group decreased their price objective on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, TD Cowen lowered their price objective on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $420.71.

Ulta Beauty Stock Performance

ULTA opened at $365.17 on Monday. The stock has a market cap of $17.21 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 2.10 and a beta of 1.33. The firm’s fifty day moving average is $380.06 and its 200 day moving average is $379.02. 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 announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 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 business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the previous year, the firm earned $6.02 earnings per share. Ulta Beauty’s revenue was up .9% on a year-over-year basis. On average, equities research analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share 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.