Ulta Beauty, Inc. (NASDAQ:ULTA) Stock Holdings Decreased by Hancock Whitney Corp

Hancock Whitney Corp decreased its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 26.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,602 shares of the specialty retailer’s stock after selling 586 shares during the period. Hancock Whitney Corp’s holdings in Ulta Beauty were worth $618,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Choreo LLC lifted its holdings in Ulta Beauty by 71.7% during the 2nd quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock worth $1,103,000 after buying an additional 1,198 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in Ulta Beauty by 120.2% in the fourth quarter. 1832 Asset Management L.P. now owns 14,448 shares of the specialty retailer’s stock worth $7,079,000 after purchasing an additional 7,887 shares during the period. Duality Advisers LP increased its stake in Ulta Beauty by 92.8% during the first quarter. Duality Advisers LP now owns 7,278 shares of the specialty retailer’s stock valued at $3,806,000 after purchasing an additional 3,504 shares during the last quarter. Broad Bay Capital Management LP acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $10,412,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Ulta Beauty by 10.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer’s stock worth $46,954,000 after buying an additional 8,337 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of ULTA opened at $393.84 on Tuesday. The firm’s 50 day moving average is $367.99 and its 200-day moving average is $405.89. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The stock has a market capitalization of $18.79 billion, a P/E ratio of 15.36, a P/E/G ratio of 2.22 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $6.02 EPS. As a group, equities research analysts forecast that Ulta Beauty, Inc. will post 23.21 EPS for the current fiscal year.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the sale, the director now owns 2,017 shares in the company, valued at approximately $786,791.36. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on ULTA. Citigroup lowered their price objective on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Robert W. Baird cut their price target on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. Raymond James downgraded Ulta Beauty from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $500.00 to $450.00 in a research note on Friday, August 30th. JPMorgan Chase & Co. raised their target price on Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Finally, Oppenheimer lowered their price target on shares of Ulta Beauty from $450.00 to $435.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $425.29.

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.