Hancock Whitney Corp Sells 52 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Hancock Whitney Corp trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.2% in the 3rd quarter, Holdings Channel reports. The fund owned 1,550 shares of the specialty retailer’s stock after selling 52 shares during the quarter. Hancock Whitney Corp’s holdings in Ulta Beauty were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Choreo LLC boosted its holdings in Ulta Beauty by 71.7% in the 2nd quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock valued at $1,103,000 after purchasing an additional 1,198 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Ulta Beauty in the second quarter valued at about $19,136,000. Whittier Trust Co. of Nevada Inc. increased its stake in Ulta Beauty by 5.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock valued at $1,072,000 after acquiring an additional 139 shares during the period. Jensen Investment Management Inc. raised its holdings in Ulta Beauty by 17.9% in the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $4,409,000 after acquiring an additional 1,720 shares in the last quarter. Finally, Distillate Capital Partners LLC bought a new stake in shares of Ulta Beauty in the 2nd quarter worth approximately $14,665,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the topic of several analyst reports. TD Cowen lowered their price target on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Telsey Advisory Group restated an “outperform” rating and set a $450.00 price target on shares of Ulta Beauty in a research note on Thursday, October 17th. Barclays upped their price objective on Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Bank of America cut their target price on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Finally, Evercore ISI decreased their price target on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and a consensus target price of $420.71.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $360.47 on Wednesday. The firm’s 50 day simple moving average is $375.54 and its 200 day simple moving average is $376.69. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 2.08 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the business posted $6.02 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

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.