OneDigital Investment Advisors LLC Lowers Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

OneDigital Investment Advisors LLC decreased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 48.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 999 shares of the specialty retailer’s stock after selling 933 shares during the period. OneDigital Investment Advisors LLC’s holdings in Ulta Beauty were worth $389,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. International Assets Investment Management LLC raised its position in shares of Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after purchasing an additional 1,237,884 shares during the period. TD Asset Management Inc lifted its position in shares of Ulta Beauty by 14.1% during the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after acquiring an additional 76,721 shares in the last quarter. Alecta Tjanstepension Omsesidigt boosted its holdings in shares of Ulta Beauty by 14.4% in the third quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock worth $200,944,000 after acquiring an additional 65,000 shares during the period. Boston Partners grew its position in shares of Ulta Beauty by 47.7% in the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after purchasing an additional 153,727 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Ulta Beauty by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock valued at $163,149,000 after purchasing an additional 24,822 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Down 1.3 %

ULTA stock opened at $338.64 on Friday. The company’s 50-day moving average price is $377.60 and its 200 day moving average price is $377.80. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a market cap of $15.96 billion, a P/E ratio of 13.59, a P/E/G ratio of 1.97 and a beta of 1.33.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. B. Riley assumed coverage on shares of Ulta Beauty in a research note on Tuesday, September 10th. They set a “sell” rating and a $300.00 price objective for the company. Robert W. Baird reduced their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Piper Sandler increased their price objective on Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft reduced their target price on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, BMO Capital Markets set a $385.00 price target on Ulta Beauty in a report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and an average target price 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.