Huntington National Bank Trims Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Huntington National Bank decreased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 59.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,308 shares of the specialty retailer’s stock after selling 1,880 shares during the period. Huntington National Bank’s holdings in Ulta Beauty were worth $509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ULTA. International Assets Investment Management LLC grew its position in Ulta Beauty by 180,713.0% in the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after acquiring an additional 1,237,884 shares during the period. TD Asset Management Inc lifted its stake in shares of Ulta Beauty by 14.1% in the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock valued at $239,545,000 after purchasing an additional 76,721 shares during the last quarter. Alecta Tjanstepension Omsesidigt grew its holdings in shares of Ulta Beauty by 14.4% during the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock worth $200,944,000 after purchasing an additional 65,000 shares during the period. Boston Partners grew its holdings in shares of Ulta Beauty by 47.7% during the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock worth $246,862,000 after purchasing an additional 153,727 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Ulta Beauty by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock worth $163,149,000 after purchasing an additional 24,822 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ULTA. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. DA Davidson lowered their price objective on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Piper Sandler boosted their target price on Ulta Beauty from $356.00 to $357.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. UBS Group lowered their price target on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Stifel Nicolaus boosted their price objective on Ulta Beauty from $385.00 to $395.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $420.71.

Ulta Beauty Stock Down 4.6 %

Shares of ULTA opened at $365.17 on Friday. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The stock has a 50 day moving average price of $380.06 and a 200 day moving average price of $379.36. The company has a market capitalization of $17.20 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 2.20 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the business earned $6.02 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.07 EPS 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.