Victory Capital Management Inc. Decreases Stock Holdings in Ulta Beauty Inc. $ULTA

Victory Capital Management Inc. lowered its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,632 shares of the specialty retailer’s stock after selling 7,391 shares during the period. Victory Capital Management Inc.’s holdings in Ulta Beauty were worth $63,769,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Focus Partners Wealth grew its holdings in Ulta Beauty by 231.6% during the 1st quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer’s stock valued at $1,372,000 after purchasing an additional 2,615 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Ulta Beauty by 48.9% during the 1st quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $1,758,000 after acquiring an additional 1,574 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Ulta Beauty in the 2nd quarter valued at $466,000. Assetmark Inc. increased its stake in Ulta Beauty by 295.6% in the second quarter. Assetmark Inc. now owns 178 shares of the specialty retailer’s stock worth $83,000 after purchasing an additional 133 shares during the period. Finally, Bank of Montreal Can increased its stake in Ulta Beauty by 32.8% in the 2nd quarter. Bank of Montreal Can now owns 69,688 shares of the specialty retailer’s stock worth $32,601,000 after buying an additional 17,216 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $653.64 on Friday. The firm has a market cap of $29.00 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 3.08 and a beta of 0.82. The company has a 50 day moving average price of $663.60 and a 200-day moving average price of $582.51. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.61 by $0.53. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Ulta Beauty had a return on equity of 46.33% and a net margin of 9.93%.The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm earned $5.14 EPS. On average, sell-side analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ULTA has been the subject of several research analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Ulta Beauty in a research note on Friday, December 5th. Jefferies Financial Group started coverage on Ulta Beauty in a research report on Wednesday, January 14th. They set a “hold” rating and a $700.00 price target on the stock. DA Davidson lifted their price objective on Ulta Beauty from $625.00 to $650.00 and gave the company a “buy” rating in a report on Friday, December 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, January 21st. Finally, Argus boosted their price target on shares of Ulta Beauty from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday, January 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $626.84.

Ulta Beauty Profile

Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.