Truist Financial Corp Has $6.30 Million Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Truist Financial Corp decreased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 13.9% during the 4th quarter, HoldingsChannel reports. The fund owned 14,492 shares of the specialty retailer’s stock after selling 2,335 shares during the quarter. Truist Financial Corp’s holdings in Ulta Beauty were worth $6,303,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its stake in Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. lifted its stake in Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Ulta Beauty in the 3rd quarter valued at approximately $41,000. Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty in the 4th quarter valued at approximately $43,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Ulta Beauty in the 4th quarter valued at approximately $43,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on ULTA shares. Wells Fargo & Company boosted their target price on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research note on Tuesday, January 7th. Oppenheimer upped their price objective on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Loop Capital upped their price objective on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Citigroup upped their price objective on Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus upped their price objective on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Ulta Beauty has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $361.54 on Friday. The stock’s fifty day moving average price is $408.88 and its two-hundred day moving average price is $386.66. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm posted $5.07 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Ulta Beauty Company 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.