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

Wesbanco Bank Inc. trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 31.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,374 shares of the specialty retailer’s stock after selling 1,527 shares during the period. Wesbanco Bank Inc.’s holdings in Ulta Beauty were worth $1,467,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock valued at $481,952,000 after acquiring an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in Ulta Beauty in the third quarter valued at about $359,480,000. Holocene Advisors LP lifted its stake in shares of Ulta Beauty by 3,246.2% during the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after purchasing an additional 335,914 shares in the last quarter. Atreides Management LP acquired a new position in shares of Ulta Beauty during the third quarter worth about $73,069,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Ulta Beauty by 258.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock valued at $54,884,000 after buying an additional 90,972 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Stock Up 0.0 %

Shares of NASDAQ:ULTA opened at $418.55 on Friday. The company has a market cap of $19.41 billion, a PE ratio of 16.75, a P/E/G ratio of 1.00 and a beta of 1.28. 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 50-day simple moving average of $406.08 and a 200 day simple moving average of $385.23.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $5.07 earnings per share. As a group, research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the subject of a number of analyst reports. Stifel Nicolaus upped their price target on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a report on Tuesday, January 7th. UBS Group raised their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. Piper Sandler boosted their price objective on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Raymond James lowered their target price on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Finally, B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $330.00 to $430.00 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Ulta Beauty has an average rating of “Hold” and a consensus price target of $459.22.

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.