First National Bank of Omaha Decreases Holdings in Ulta Beauty Inc (NASDAQ:ULTA)

First National Bank of Omaha reduced its holdings in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 36.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,370 shares of the specialty retailer’s stock after selling 15,984 shares during the quarter. Ulta Beauty accounts for 1.7% of First National Bank of Omaha’s portfolio, making the stock its 13th largest position. First National Bank of Omaha’s holdings in Ulta Beauty were worth $3,480,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ULTA. Bath Savings Trust Co grew its position in Ulta Beauty by 6.0% in the 4th quarter. Bath Savings Trust Co now owns 7,155 shares of the specialty retailer’s stock valued at $1,752,000 after buying an additional 404 shares in the last quarter. Pennsylvania Trust Co grew its position in Ulta Beauty by 33.2% in the 4th quarter. Pennsylvania Trust Co now owns 4,933 shares of the specialty retailer’s stock valued at $1,208,000 after buying an additional 1,230 shares in the last quarter. Worldquant Millennium Quantitative Strategies LLC grew its position in Ulta Beauty by 232.9% in the 3rd quarter. Worldquant Millennium Quantitative Strategies LLC now owns 58,359 shares of the specialty retailer’s stock valued at $16,464,000 after buying an additional 40,827 shares in the last quarter. Daiwa SB Investments Ltd. grew its position in Ulta Beauty by 9.2% in the 3rd quarter. Daiwa SB Investments Ltd. now owns 3,790 shares of the specialty retailer’s stock valued at $1,069,000 after buying an additional 320 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in Ulta Beauty by 238.4% in the 3rd quarter. Retirement Systems of Alabama now owns 90,885 shares of the specialty retailer’s stock valued at $25,640,000 after acquiring an additional 64,029 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.

ULTA has been the subject of a number of analyst reports. Jefferies Financial Group set a $335.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Friday, November 9th. Wells Fargo & Co reduced their price objective on shares of Ulta Beauty from $336.00 to $328.00 and set an “outperform” rating for the company in a research note on Friday, December 7th. Morgan Stanley set a $330.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Sunday, December 9th. Loop Capital increased their price target on shares of Ulta Beauty to $300.00 and gave the stock a “hold” rating in a research report on Friday, November 9th. Finally, ValuEngine lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Six equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ulta Beauty currently has an average rating of “Buy” and a consensus price target of $288.84.

Shares of NASDAQ:ULTA opened at $303.95 on Thursday. Ulta Beauty Inc has a twelve month low of $191.70 and a twelve month high of $322.49. The firm has a market capitalization of $17.94 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 1.26 and a beta of 0.99.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.02. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. Ulta Beauty had a return on equity of 33.75% and a net margin of 9.99%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the company posted $1.69 earnings per share. Sell-side analysts predict that Ulta Beauty Inc will post 10.82 EPS for the current year.

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Ulta Beauty Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

Further Reading: Call Option

Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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