Fulton Bank N.A. Reduces Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Fulton Bank N.A. cut its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 22.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,439 shares of the specialty retailer’s stock after selling 714 shares during the quarter. Fulton Bank N.A.’s holdings in Ulta Beauty were worth $1,061,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Paladin Wealth LLC purchased a new position in Ulta Beauty during the 3rd quarter valued at about $32,000. Sunbelt Securities Inc. boosted its position in shares of Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 45 shares during the period. Westside Investment Management Inc. grew its stake in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Ulta Beauty during the 3rd quarter worth approximately $41,000. Finally, American National Bank & Trust purchased a new stake in Ulta Beauty in the 3rd quarter worth approximately $44,000. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $415.14 on Thursday. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The firm has a market cap of $19.25 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 2.38 and a beta of 1.28. The business has a 50 day moving average price of $400.28 and a 200-day moving average price of $383.64.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.69. The business 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 firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.07 EPS. Research analysts predict that Ulta Beauty, Inc. will post 23.57 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of Ulta Beauty from $335.00 to $410.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. JPMorgan Chase & Co. upped their target price on 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 lifted their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Bank of America boosted their price objective on Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Ulta Beauty currently has an average rating of “Hold” and an average target price of $458.78.

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.