First Hawaiian Bank Sells 4,389 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

First Hawaiian Bank lowered its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 63.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,568 shares of the specialty retailer's stock after selling 4,389 shares during the period. First Hawaiian Bank's holdings in Ulta Beauty were worth $1,117,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. International Assets Investment Management LLC boosted 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 purchasing an additional 1,237,884 shares during the last quarter. Geode Capital Management LLC boosted its stake in Ulta Beauty by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer's stock worth $461,059,000 after acquiring an additional 10,153 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Ulta Beauty during the third quarter worth $359,480,000. Champlain Investment Partners LLC lifted its holdings in Ulta Beauty by 5.4% during the third quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer's stock worth $237,519,000 after acquiring an additional 31,540 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt increased its holdings in shares of Ulta Beauty by 14.4% in the third quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer's stock worth $200,944,000 after acquiring an additional 65,000 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. William Blair lowered Ulta Beauty from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 21st. BMO Capital Markets increased their price objective on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a "market perform" rating in a research report on Friday, December 6th. Canaccord Genuity Group upped their target price on shares of Ulta Beauty from $500.00 to $538.00 and gave the stock a "buy" rating in a research note on Tuesday. DA Davidson increased their target price on Ulta Beauty from $435.00 to $510.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, Citigroup lifted their price objective on shares of Ulta Beauty from $450.00 to $457.00 and gave the company a "neutral" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Ulta Beauty presently has an average rating of "Hold" and an average price target of $460.30.

Ulta Beauty Trading Up 0.7 %

Shares of NASDAQ:ULTA traded up $3.09 on Friday, hitting $418.23. The company had a trading volume of 941,134 shares, compared to its average volume of 912,436. The stock has a market cap of $19.39 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 2.38 and a beta of 1.28. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The stock has a 50 day moving average price of $402.01 and a 200 day moving average price of $384.05.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts' consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion for 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 firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $5.07 earnings per share. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.57 earnings per share for the current fiscal year.

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.