Huntington National Bank Sells 1,880 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Huntington National Bank reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 59.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,308 shares of the specialty retailer's stock after selling 1,880 shares during the quarter. Huntington National Bank's holdings in Ulta Beauty were worth $509,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sage Capital Advisors llc raised its position in shares of Ulta Beauty by 5.4% during the second quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer's stock worth $203,000 after purchasing an additional 27 shares during the period. Farther Finance Advisors LLC raised its position in shares of Ulta Beauty by 4.7% during the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer's stock worth $244,000 after purchasing an additional 28 shares during the period. UMB Bank n.a. raised its position in shares of Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 30 shares during the period. AdvisorNet Financial Inc raised its position in shares of Ulta Beauty by 5.0% during the second quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer's stock worth $268,000 after purchasing an additional 33 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its position in shares of Ulta Beauty by 1.0% during the second quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer's stock worth $1,349,000 after purchasing an additional 33 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA traded down $17.60 on Friday, hitting $365.17. The company's stock had a trading volume of 1,440,970 shares, compared to its average volume of 842,438. The company has a 50-day simple moving average of $380.06 and a 200 day simple moving average of $379.18. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The company has a market capitalization of $17.21 billion, a PE ratio of 14.65, a PEG ratio of 2.10 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. Ulta Beauty's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $6.02 earnings per share. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ULTA shares. JPMorgan Chase & Co. upped their price target on Ulta Beauty from $450.00 to $472.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. The Goldman Sachs Group decreased their price target on Ulta Beauty from $475.00 to $412.00 and set a "neutral" rating for the company in a report on Monday, August 12th. Barclays upped their price target on Ulta Beauty from $328.00 to $335.00 and gave the stock an "equal weight" rating in a report on Friday, August 30th. Canaccord Genuity Group reduced their price objective on Ulta Beauty from $522.00 to $500.00 and set a "buy" rating for the company in a research note on Tuesday, August 27th. Finally, Bank of America reduced their price objective on Ulta Beauty from $425.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, August 30th. Two equities research 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, the company has an average rating of "Hold" and a consensus price target of $420.71.

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.