PNC Financial Services Group Inc. decreased its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 7.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,107 shares of the specialty retailer's stock after selling 1,438 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Ulta Beauty were worth $6,270,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. American National Bank & Trust acquired a new stake in shares of Ulta Beauty in the 1st quarter valued at $29,000. Wayfinding Financial LLC purchased a new position in Ulta Beauty in the first quarter valued at $31,000. Rakuten Securities Inc. raised its stake in Ulta Beauty by 218.5% in the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after buying an additional 59 shares in the last quarter. North Star Investment Management Corp. raised its stake in Ulta Beauty by 71.4% in the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock valued at $35,000 after buying an additional 40 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in Ulta Beauty during the 1st quarter worth about $37,000. Hedge funds and other institutional investors own 90.39% of the company's stock.
Analyst Upgrades and Downgrades
ULTA has been the topic of a number of recent analyst reports. Barclays increased their price objective on Ulta Beauty from $327.00 to $485.00 and gave the company an "equal weight" rating in a report on Monday, June 2nd. Robert W. Baird upped their price target on Ulta Beauty from $440.00 to $525.00 and gave the company an "outperform" rating in a report on Friday, May 30th. DA Davidson raised their price objective on shares of Ulta Beauty from $550.00 to $585.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Oppenheimer boosted their price objective on shares of Ulta Beauty from $465.00 to $510.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Finally, Raymond James Financial restated an "outperform" rating and issued a $500.00 target price (up previously from $450.00) on shares of Ulta Beauty in a report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $469.09.
Read Our Latest Report on Ulta Beauty
Ulta Beauty Stock Down 1.9%
ULTA traded down $10.02 on Thursday, hitting $506.17. 799,576 shares of the company traded hands, compared to its average volume of 537,293. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $523.68. The company has a 50 day moving average of $482.80 and a 200-day moving average of $414.36. The stock has a market capitalization of $22.75 billion, a PE ratio of 19.77, a PEG ratio of 3.12 and a beta of 1.12.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.73 by $0.97. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the previous year, the company posted $6.47 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, research analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.
Ulta Beauty Company Profile
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Free Report)
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.
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