Financial Counselors Inc. Has $211,000 Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Financial Counselors Inc. lessened its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 542 shares of the specialty retailer’s stock after selling 37 shares during the period. Financial Counselors Inc.’s holdings in Ulta Beauty were worth $211,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in shares of Ulta Beauty by 34.3% during the first quarter. Cetera Investment Advisers now owns 13,471 shares of the specialty retailer’s stock worth $7,044,000 after buying an additional 3,443 shares during the last quarter. Cetera Advisors LLC boosted its position in shares of Ulta Beauty by 201.3% in the 1st quarter. Cetera Advisors LLC now owns 4,134 shares of the specialty retailer’s stock worth $2,162,000 after purchasing an additional 2,762 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Ulta Beauty by 38.4% during the second quarter. GAMMA Investing LLC now owns 335 shares of the specialty retailer’s stock worth $129,000 after purchasing an additional 93 shares during the period. DNB Asset Management AS increased its holdings in Ulta Beauty by 4.1% in the second quarter. DNB Asset Management AS now owns 8,431 shares of the specialty retailer’s stock valued at $3,253,000 after purchasing an additional 332 shares during the last quarter. Finally, Douglas Lane & Associates LLC lifted its stake in Ulta Beauty by 4.3% in the second quarter. Douglas Lane & Associates LLC now owns 2,238 shares of the specialty retailer’s stock valued at $864,000 after buying an additional 92 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Up 3.0 %

Shares of NASDAQ ULTA opened at $386.64 on Monday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company has a market cap of $18.22 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.22 and a beta of 1.33. The business’s 50 day moving average price is $374.12 and its two-hundred day moving average price is $376.18.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $2.61 billion. During the same quarter last year, the company posted $6.02 EPS. The firm’s revenue was up .9% on a year-over-year basis. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ULTA. 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. BMO Capital Markets set a $385.00 target price on Ulta Beauty in a report on Thursday, October 17th. TD Cowen lowered their price target on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Barclays upped their price target on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Finally, Canaccord Genuity Group reduced their target price on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. 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. Based on data from MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and a consensus target price of $422.58.

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.