Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Intrust Bank NA

Intrust Bank NA trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 18.3% in the fourth quarter, Holdings Channel reports. The firm owned 1,264 shares of the specialty retailer’s stock after selling 283 shares during the period. Intrust Bank NA’s holdings in Ulta Beauty were worth $550,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ULTA. Norges Bank acquired a new position in shares of Ulta Beauty during the fourth quarter worth about $239,432,000. Holocene Advisors LP lifted its position in Ulta Beauty by 3,246.2% during the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after acquiring an additional 335,914 shares in the last quarter. Atreides Management LP acquired a new position in Ulta Beauty during the 3rd quarter worth approximately $73,069,000. Proficio Capital Partners LLC purchased a new position in Ulta Beauty in the 4th quarter worth approximately $58,074,000. Finally, Victory Capital Management Inc. grew its position in Ulta Beauty by 364.6% in the fourth quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock valued at $69,177,000 after acquiring an additional 124,822 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Canaccord Genuity Group decreased their price objective on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Citigroup lowered their target price on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. DA Davidson cut their price target 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. Finally, UBS Group raised their price objective on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $427.13.

Ulta Beauty Price Performance

Shares of ULTA opened at $359.47 on Friday. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $529.67. The stock has a fifty day moving average price of $373.67 and a 200 day moving average price of $386.31. The company has a market cap of $16.67 billion, a P/E ratio of 14.38, a PEG 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 EPS for the quarter, topping the consensus estimate of $7.13 by $1.33. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.08 earnings per share. As a group, research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Ulta Beauty 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.