Huntington National Bank Has $483,000 Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Huntington National Bank cut its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,111 shares of the specialty retailer’s stock after selling 197 shares during the period. 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 hedge funds and other institutional investors also recently made changes to their positions in ULTA. Prestige Wealth Management Group LLC raised its stake in Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after buying an additional 34 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. grew its position in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty during the 4th quarter worth approximately $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in Ulta Beauty during the 4th quarter worth approximately $43,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Bank of America reduced their price target on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a report on Monday, March 10th. Oppenheimer boosted their price target on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Stifel Nicolaus decreased their price objective on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a report on Friday, March 14th. Finally, DA Davidson cut their target price on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $427.61.

Ulta Beauty Stock Down 2.3 %

Shares of NASDAQ:ULTA opened at $359.36 on Friday. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $460.00. The company’s 50 day moving average price is $369.03 and its two-hundred day moving average price is $385.97. The firm has a market cap of $16.66 billion, a PE ratio of 14.38, a PEG ratio of 0.89 and a beta of 1.34.

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

Insider Buying and Selling

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm’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 sale, the insider now owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. This trade represents a 10.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.39% of the stock is currently owned by company insiders.

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.