Wesbanco Bank Inc. Lowers Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Wesbanco Bank Inc. lowered its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 31.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,374 shares of the specialty retailer’s stock after selling 1,527 shares during the quarter. Wesbanco Bank Inc.’s holdings in Ulta Beauty were worth $1,467,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in Ulta Beauty by 180,713.0% during the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after purchasing an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $359,480,000. Holocene Advisors LP lifted its holdings in shares of Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after buying an additional 335,914 shares during the period. Atreides Management LP purchased a new stake in shares of Ulta Beauty in the third quarter valued at approximately $73,069,000. Finally, Assenagon Asset Management S.A. grew its holdings in Ulta Beauty by 258.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer’s stock worth $54,884,000 after acquiring an additional 90,972 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on ULTA shares. Piper Sandler raised their target price on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Raymond James decreased their price objective on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Oppenheimer increased their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, DA Davidson lifted their price objective on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Ulta Beauty currently has an average rating of “Hold” and an average target price of $459.22.

Ulta Beauty Price Performance

ULTA opened at $418.55 on Friday. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The business has a 50-day moving average of $406.08 and a two-hundred day moving average of $385.23. The stock has a market capitalization of $19.41 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.07 earnings per share. Equities research analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

About Ulta Beauty

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.