First Hawaiian Bank Sells 173 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

First Hawaiian Bank reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,109 shares of the specialty retailer’s stock after selling 173 shares during the quarter. First Hawaiian Bank’s holdings in Ulta Beauty were worth $1,934,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Fulton Bank N.A. lifted its position in Ulta Beauty by 16.2% in the 2nd quarter. Fulton Bank N.A. now owns 5,508 shares of the specialty retailer’s stock valued at $2,592,000 after acquiring an additional 768 shares in the last quarter. DnB Asset Management AS lifted its position in Ulta Beauty by 2.5% in the 2nd quarter. DnB Asset Management AS now owns 10,704 shares of the specialty retailer’s stock valued at $5,037,000 after acquiring an additional 264 shares in the last quarter. Modus Advisors LLC lifted its position in Ulta Beauty by 2.9% in the 2nd quarter. Modus Advisors LLC now owns 4,296 shares of the specialty retailer’s stock valued at $2,022,000 after acquiring an additional 122 shares in the last quarter. Duality Advisers LP bought a new stake in Ulta Beauty in the 1st quarter valued at $3,340,000. Finally, EP Wealth Advisors LLC bought a new stake in Ulta Beauty during the 1st quarter worth about $249,000. 92.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. BMO Capital Markets cut their price target on shares of Ulta Beauty from $510.00 to $485.00 in a research report on Friday, May 26th. Wells Fargo & Company raised their target price on shares of Ulta Beauty from $350.00 to $375.00 and gave the company an “underweight” rating in a research note on Friday, August 25th. Raymond James cut their target price on shares of Ulta Beauty from $600.00 to $550.00 and set a “strong-buy” rating for the company in a research note on Friday, August 25th. Oppenheimer reiterated an “outperform” rating and issued a $540.00 target price on shares of Ulta Beauty in a research note on Friday, August 25th. Finally, Barclays cut their target price on shares of Ulta Beauty from $600.00 to $587.00 in a research note on Sunday, August 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $545.13.

Ulta Beauty Trading Up 0.4 %

Shares of ULTA opened at $415.83 on Friday. Ulta Beauty, Inc. has a 12 month low of $373.80 and a 12 month high of $556.60. The firm’s 50 day moving average is $442.06 and its 200-day moving average is $477.68. The stock has a market capitalization of $20.47 billion, a PE ratio of 16.69, a P/E/G ratio of 1.83 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.85 by $0.17. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 11.77% and a return on equity of 63.51%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $5.70 earnings per share. Equities research analysts predict that Ulta Beauty, Inc. will post 25.38 earnings per share for the current fiscal year.

Ulta Beauty Profile

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.