Huntington National Bank Sells 197 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Huntington National Bank lowered its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 15.1% during the fourth quarter, HoldingsChannel reports. The fund owned 1,111 shares of the specialty retailer’s stock after selling 197 shares during the quarter. Huntington National Bank’s holdings in Ulta Beauty were worth $483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Ulta Beauty by 28.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 37 shares during the period. Savant Capital LLC grew its position in shares of Ulta Beauty by 199.5% in the 4th quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer’s stock valued at $2,021,000 after buying an additional 3,095 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Ulta Beauty by 7.8% in the fourth quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer’s stock valued at $1,663,000 after buying an additional 288 shares during the period. Buckhead Capital Management LLC raised its position in shares of Ulta Beauty by 15.6% during the fourth quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer’s stock worth $5,257,000 after acquiring an additional 1,633 shares during the last quarter. Finally, Brookstone Capital Management acquired a new position in shares of Ulta Beauty in the fourth quarter worth approximately $348,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Down 2.3 %

Shares of Ulta Beauty stock opened at $359.36 on Friday. The stock has a fifty day simple moving average of $369.03 and a 200 day simple moving average of $385.97. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $460.00. The company has a market capitalization of $16.66 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm earned $8.08 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. On average, analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on ULTA shares. JPMorgan Chase & Co. lowered their price target on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Morgan Stanley lowered their target price on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. The Goldman Sachs Group raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and upped their price target for the company from $384.00 to $423.00 in a research report on Tuesday. Piper Sandler lowered their price objective on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Finally, Oppenheimer upped their target price on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $427.61.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, the insider now owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. The trade was a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.39% of the company’s stock.

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.