PNC Financial Services Group Inc. Sells 436 Shares of Ulta Beauty Inc (NASDAQ:ULTA)

PNC Financial Services Group Inc. reduced its stake in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,676 shares of the specialty retailer’s stock after selling 436 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Ulta Beauty were worth $7,558,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Ulta Beauty by 1.2% in the first quarter. BlackRock Inc. now owns 3,958,105 shares of the specialty retailer’s stock worth $1,380,310,000 after purchasing an additional 47,025 shares during the period. FMR LLC increased its stake in Ulta Beauty by 52.6% in the 4th quarter. FMR LLC now owns 1,961,393 shares of the specialty retailer’s stock valued at $480,228,000 after buying an additional 675,832 shares during the last quarter. Geode Capital Management LLC increased its stake in Ulta Beauty by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 838,542 shares of the specialty retailer’s stock valued at $204,993,000 after buying an additional 62,309 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of Ulta Beauty by 189.8% in the 4th quarter. Two Sigma Advisers LP now owns 784,145 shares of the specialty retailer’s stock valued at $191,990,000 after acquiring an additional 513,582 shares during the period. Finally, Northern Trust Corp grew its position in shares of Ulta Beauty by 3.9% in the 4th quarter. Northern Trust Corp now owns 662,037 shares of the specialty retailer’s stock valued at $162,092,000 after acquiring an additional 25,150 shares during the period. 88.73% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ ULTA traded up $6,915,976,855.78 on Friday, hitting $6,915,977,200.00. 658,724 shares of the company were exchanged, compared to its average volume of 764,182. The stock has a market capitalization of $20.14 billion, a P/E ratio of 637,417,253.46, a PEG ratio of 1.47 and a beta of 1.01. Ulta Beauty Inc has a 12 month low of $224.43 and a 12 month high of $365.54. The stock’s fifty day moving average is $342.35. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.74 and a current ratio of 1.93.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $3.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.06 by $0.02. The firm had revenue of $1.74 billion for 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 business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.70 earnings per share. As a group, research analysts anticipate that Ulta Beauty Inc will post 12.77 earnings per share for the current year.

In other Ulta Beauty news, Director Dennis K. Eck sold 10,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $352.83, for a total transaction of $3,528,300.00. Following the completion of the transaction, the director now owns 220,000 shares in the company, valued at $77,622,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sally E. Blount sold 315 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $359.28, for a total transaction of $113,173.20. Following the transaction, the director now owns 989 shares of the company’s stock, valued at approximately $355,327.92. The disclosure for this sale can be found here. Insiders have sold 12,715 shares of company stock valued at $4,486,741 in the last 90 days. 4.20% of the stock is currently owned by corporate insiders.

Several analysts recently commented on the stock. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $384.00 target price for the company in a report on Monday, May 20th. BidaskClub raised shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating in a report on Friday, May 10th. Piper Jaffray Companies boosted their target price on shares of Ulta Beauty from $362.00 to $378.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Robert W. Baird restated an “outperform” rating and issued a $395.00 target price (up from $365.00) on shares of Ulta Beauty in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Ulta Beauty from $345.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Ulta Beauty currently has a consensus rating of “Buy” and an average target price of $350.06.

Ulta Beauty Profile

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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