Orion Portfolio Solutions LLC Decreases Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Orion Portfolio Solutions LLC trimmed its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 71.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,282 shares of the specialty retailer’s stock after selling 3,234 shares during the period. Orion Portfolio Solutions LLC’s holdings in Ulta Beauty were worth $499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. National Bank of Canada FI lifted its holdings in Ulta Beauty by 40.9% during the third quarter. National Bank of Canada FI now owns 25,916 shares of the specialty retailer’s stock valued at $10,084,000 after purchasing an additional 7,524 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in shares of Ulta Beauty by 284.1% in the third quarter. EP Wealth Advisors LLC now owns 2,796 shares of the specialty retailer’s stock worth $1,088,000 after buying an additional 2,068 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Ulta Beauty by 14.4% in the third quarter. Wellington Management Group LLP now owns 5,635 shares of the specialty retailer’s stock worth $2,193,000 after buying an additional 710 shares in the last quarter. Wahed Invest LLC lifted its stake in shares of Ulta Beauty by 11.1% in the third quarter. Wahed Invest LLC now owns 1,160 shares of the specialty retailer’s stock worth $451,000 after buying an additional 116 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in shares of Ulta Beauty in the third quarter worth about $863,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $423.57 on Wednesday. The stock has a market capitalization of $19.64 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 2.38 and a beta of 1.32. The company has a 50 day moving average price of $380.66 and a 200 day moving average price of $378.57. 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, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.07 earnings per share. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.57 EPS for the current fiscal year.

Analyst Ratings Changes

ULTA has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Loop Capital raised their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Evercore ISI decreased their price target on shares of Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. TD Cowen reduced their target price on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, Raymond James reduced their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $439.30.

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.