Fulton Bank N.A. Has $533,000 Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Fulton Bank N.A. reduced its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 40.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,453 shares of the specialty retailer's stock after selling 986 shares during the quarter. Fulton Bank N.A.'s holdings in Ulta Beauty were worth $533,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Capital World Investors bought a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $430,674,000. Norges Bank acquired a new position in Ulta Beauty in the fourth quarter worth $239,432,000. Marshall Wace LLP increased its stake in Ulta Beauty by 10,336.7% during the fourth quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer's stock valued at $199,681,000 after purchasing an additional 454,711 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Ulta Beauty by 38,770.6% during the 1st quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock valued at $162,565,000 after buying an additional 442,372 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Ulta Beauty during the 4th quarter valued at approximately $73,780,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA traded down $1.40 during trading hours on Friday, hitting $465.64. 601,489 shares of the company's stock traded hands, compared to its average volume of 1,047,354. The company has a market cap of $20.93 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.09. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $491.98. The company's fifty day simple moving average is $392.97 and its two-hundred day simple moving average is $390.73.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, topping the consensus estimate of $5.73 by $0.97. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $6.47 EPS. On average, analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ULTA shares. Robert W. Baird boosted their target price on shares of Ulta Beauty from $440.00 to $525.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Barclays lifted their price target on Ulta Beauty from $327.00 to $485.00 and gave the company an "equal weight" rating in a report on Monday. Truist Financial increased their price objective on Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Citigroup raised their target price on Ulta Beauty from $425.00 to $450.00 and gave the company a "neutral" rating in a research report on Friday, May 30th. Finally, Argus downgraded Ulta Beauty from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $460.91.

Insider Activity

In other news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

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.