Commerce Bank Sells 29,420 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Commerce Bank reduced its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 43.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 38,040 shares of the specialty retailer’s stock after selling 29,420 shares during the quarter. Commerce Bank’s holdings in Ulta Beauty were worth $14,802,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. International Assets Investment Management LLC boosted its stake in 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 purchasing an additional 1,237,884 shares during the period. Hsbc Holdings PLC boosted its stake in Ulta Beauty by 87.3% in the 2nd quarter. Hsbc Holdings PLC now owns 337,882 shares of the specialty retailer’s stock valued at $130,380,000 after purchasing an additional 157,497 shares during the period. Boston Partners boosted its stake in Ulta Beauty by 47.7% in the 1st 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 during the period. Swedbank AB boosted its stake in Ulta Beauty by 107.0% in the 2nd quarter. Swedbank AB now owns 240,191 shares of the specialty retailer’s stock valued at $92,683,000 after purchasing an additional 124,164 shares during the period. Finally, TD Asset Management Inc boosted its stake in 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 purchasing an additional 76,721 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on ULTA shares. Citigroup cut their target price on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Robert W. Baird cut their target price on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Loop Capital cut their target price on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, BMO Capital Markets set a $385.00 target price on Ulta Beauty in a research report on Thursday, October 17th. Two equities 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, the stock has an average rating of “Hold” and an average price target of $420.71.

Ulta Beauty Trading Up 0.3 %

Shares of ULTA stock 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 1.97 and a beta of 1.33. The stock has a 50-day moving average of $378.29 and a 200-day moving average of $378.08. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued 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 during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $6.02 EPS. Sell-side analysts forecast that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Ulta Beauty Company 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.