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

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Wesbanco Bank Inc. increased its holdings in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,732 shares of the specialty retailer’s stock after acquiring an additional 186 shares during the period. Wesbanco Bank Inc.’s holdings in Ulta Beauty were worth $3,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. boosted its position in Ulta Beauty by 5.3% during the second quarter. BlackRock Inc. now owns 4,166,032 shares of the specialty retailer’s stock worth $1,445,154,000 after purchasing an additional 207,927 shares in the last quarter. FMR LLC increased its stake in Ulta Beauty by 15.3% in the first quarter. FMR LLC now owns 2,262,297 shares of the specialty retailer’s stock valued at $788,932,000 after purchasing an additional 300,904 shares during the last quarter. Wells Fargo & Company MN increased its stake in Ulta Beauty by 13.8% in the second quarter. Wells Fargo & Company MN now owns 965,338 shares of the specialty retailer’s stock valued at $334,867,000 after purchasing an additional 117,270 shares during the last quarter. Geode Capital Management LLC increased its stake in Ulta Beauty by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 838,542 shares of the specialty retailer’s stock valued at $204,993,000 after purchasing an additional 62,309 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Ulta Beauty by 0.4% in the second quarter. Northern Trust Corp now owns 673,433 shares of the specialty retailer’s stock valued at $233,608,000 after purchasing an additional 2,932 shares during the last quarter. Institutional investors own 88.69% of the company’s stock.

In related news, Director Sally E. Blount sold 315 shares of Ulta Beauty stock in a transaction on Friday, June 21st. The shares were sold at an average price of $359.28, for a total transaction of $113,173.20. Following the completion of the transaction, the director now owns 989 shares of the company’s stock, valued at $355,327.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is owned by company insiders.

A number of research firms have recently issued reports on ULTA. Oppenheimer lowered their target price on Ulta Beauty from $390.00 to $310.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Cowen reduced their target price on Ulta Beauty from $375.00 to $313.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. ValuEngine downgraded Ulta Beauty from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Piper Jaffray Companies downgraded Ulta Beauty from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $360.00 to $250.00 in a report on Friday, August 30th. Finally, William Blair cut Ulta Beauty to a “buy” rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $303.10.

Shares of ULTA traded up $0.70 during mid-day trading on Friday, hitting $226.86. 1,064,866 shares of the company’s stock were exchanged, compared to its average volume of 2,397,551. The stock’s 50-day simple moving average is $307.66 and its 200-day simple moving average is $333.05. The firm has a market cap of $13.43 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.11 and a beta of 1.07. The company has a quick ratio of 0.57, a current ratio of 1.80 and a debt-to-equity ratio of 0.92. Ulta Beauty Inc has a 52 week low of $224.43 and a 52 week high of $368.83.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $2.76 earnings per share for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.03). Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the business earned $2.46 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. Analysts forecast that Ulta Beauty Inc will post 11.81 earnings per share for the current fiscal year.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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