Cadence Bank Has $604,000 Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Cadence Bank grew its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 24.4% during the 3rd quarter, Holdings Channel reports. The firm owned 1,553 shares of the specialty retailer’s stock after buying an additional 305 shares during the period. Cadence Bank’s holdings in Ulta Beauty were worth $604,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sage Capital Advisors llc increased its holdings in shares of Ulta Beauty by 5.4% during the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock worth $203,000 after acquiring an additional 27 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Ulta Beauty by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after acquiring an additional 28 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 30 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Ulta Beauty by 5.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock worth $268,000 after acquiring an additional 33 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its holdings in shares of Ulta Beauty by 1.0% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock worth $1,349,000 after acquiring an additional 33 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Up 4.1 %

Shares of ULTA stock opened at $375.25 on Thursday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The company has a market cap of $17.68 billion, a P/E ratio of 15.06, a P/E/G ratio of 2.08 and a beta of 1.33. The business has a fifty day simple moving average of $374.99 and a 200 day simple moving average of $376.68.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the company earned $6.02 EPS. Ulta Beauty’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities research analysts anticipate that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ULTA. Canaccord Genuity Group decreased their target price on Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. UBS Group reduced their price target on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research note on Friday, August 30th. B. Riley began coverage on Ulta Beauty in a research note on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price target for the company. Finally, Evercore ISI reduced their price target on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Ulta Beauty presently has an average rating of “Hold” and an average price target of $420.71.

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.