Hancock Whitney Corp bought a new position in Ulta Beauty Inc (NASDAQ:ULTA) during the first quarter, Holdings Channel reports. The fund bought 9,632 shares of the specialty retailer’s stock, valued at approximately $3,359,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. increased its position in shares of Ulta Beauty by 85.0% in the first quarter. Shine Investment Advisory Services Inc. now owns 74 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 34 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of Ulta Beauty by 4.2% in the first quarter. Moors & Cabot Inc. now owns 972 shares of the specialty retailer’s stock worth $340,000 after acquiring an additional 39 shares in the last quarter. Legacy Bridge LLC increased its position in shares of Ulta Beauty by 6.2% in the first quarter. Legacy Bridge LLC now owns 860 shares of the specialty retailer’s stock worth $300,000 after acquiring an additional 50 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Ulta Beauty by 0.6% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 8,562 shares of the specialty retailer’s stock worth $2,986,000 after acquiring an additional 53 shares in the last quarter. Finally, Bremer Trust National Association grew its position in Ulta Beauty by 5.8% during the fourth quarter. Bremer Trust National Association now owns 1,033 shares of the specialty retailer’s stock valued at $252,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 88.93% of the company’s stock.

ULTA has been the topic of a number of research analyst reports. Oppenheimer lowered their price objective on shares of Ulta Beauty from $400.00 to $370.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st. Loop Capital boosted their price objective on shares of Ulta Beauty from $265.00 to $300.00 and gave the company a “hold” rating in a research report on Monday, March 4th. Deutsche Bank boosted their price objective on shares of Ulta Beauty from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, June 3rd. UBS Group boosted their price objective on shares of Ulta Beauty from $310.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, March 11th. Finally, Nomura reaffirmed a “neutral” rating and set a $311.00 price objective (up from $305.00) on shares of Ulta Beauty in a research report on Tuesday, February 19th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Ulta Beauty presently has an average rating of “Buy” and a consensus target price of $347.58.

In related news, Director Charles Heilbronn sold 161,890 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $335.01, for a total transaction of $54,234,768.90. Following the completion of the transaction, the director now directly owns 59,923 shares in the company, valued at approximately $20,074,804.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 400 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $343.02, for a total transaction of $137,208.00. Following the transaction, the director now owns 2,811 shares of the company’s stock, valued at $964,229.22. The disclosure for this sale can be found here. Insiders sold 426,650 shares of company stock valued at $143,531,581 over the last 90 days. 5.60% of the stock is owned by corporate insiders.

ULTA stock traded up $0.46 during trading hours on Wednesday, hitting $340.47. The company’s stock had a trading volume of 13,508 shares, compared to its average volume of 766,559. The company has a quick ratio of 0.74, a current ratio of 1.93 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $19.90 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 1.44 and a beta of 1.00. Ulta Beauty Inc has a 12 month low of $224.43 and a 12 month high of $359.69.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 30th. The specialty retailer reported $3.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.06 by $0.02. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. Ulta Beauty had a net margin of 9.92% and a return on equity of 36.48%. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 earnings per share. On average, research analysts expect that Ulta Beauty Inc will post 12.77 EPS for the current fiscal year.

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About Ulta Beauty

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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