Fiduciary Trust Co Has $4.10 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Fiduciary Trust Co reduced its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,528 shares of the specialty retailer’s stock after selling 295 shares during the period. Fiduciary Trust Co’s holdings in Ulta Beauty were worth $4,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas boosted its position in shares of Ulta Beauty by 124.9% during the third quarter. BNP Paribas now owns 1,039 shares of the specialty retailer’s stock worth $404,000 after buying an additional 577 shares during the period. Blueshift Asset Management LLC boosted its position in shares of Ulta Beauty by 1,052.6% during the third quarter. Blueshift Asset Management LLC now owns 8,218 shares of the specialty retailer’s stock worth $3,198,000 after buying an additional 7,505 shares during the period. Soros Capital Management LLC boosted its position in shares of Ulta Beauty by 3,145.2% during the third quarter. Soros Capital Management LLC now owns 27,000 shares of the specialty retailer’s stock worth $10,506,000 after buying an additional 26,168 shares during the period. Hardy Reed LLC acquired a new position in shares of Ulta Beauty during the third quarter worth about $272,000. Finally, Cadence Bank boosted its position in shares of Ulta Beauty by 24.4% during the third quarter. Cadence Bank now owns 1,553 shares of the specialty retailer’s stock worth $604,000 after buying an additional 305 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several recent research reports. Robert W. Baird reduced their price target 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. Deutsche Bank Aktiengesellschaft reduced their price target 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. Canaccord Genuity Group reduced their price target on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group dropped their price objective on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Two equities research 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. Based on data from MarketBeat, Ulta Beauty has a consensus rating of “Hold” and an average price target of $420.71.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $375.25 on Friday. The stock’s fifty day moving average price is $374.43 and its two-hundred day moving average price is $376.67. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The firm has a market cap of $17.68 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 2.16 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last issued its 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). The business 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 revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $6.02 EPS. Sell-side analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

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.