Zions Bancorporation N.A. Has $114,000 Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Zions Bancorporation N.A. boosted its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 185.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 263 shares of the specialty retailer’s stock after buying an additional 171 shares during the period. Zions Bancorporation N.A.’s holdings in Ulta Beauty were worth $114,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Cornerstone Investment Partners LLC boosted its stake in shares of Ulta Beauty by 3.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock worth $289,000 after buying an additional 25 shares during the last quarter. Stonegate Investment Group LLC lifted its holdings in Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after acquiring an additional 34 shares during the period. Resonant Capital Advisors LLC boosted its position in Ulta Beauty by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock worth $685,000 after purchasing an additional 34 shares during the last quarter. Clear Creek Financial Management LLC grew its stake in Ulta Beauty by 4.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock valued at $362,000 after purchasing an additional 35 shares during the period. Finally, Argonautica Private Wealth Management Inc. increased its position in shares of Ulta Beauty by 4.2% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 861 shares of the specialty retailer’s stock valued at $374,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

ULTA stock opened at $371.90 on Thursday. The firm has a 50 day simple moving average of $375.44 and a two-hundred day simple moving average of $386.48. The stock has a market cap of $17.25 billion, a PE ratio of 14.88, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $529.67.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the business earned $8.08 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the subject of a number of research analyst reports. B. Riley decreased their price objective on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Telsey Advisory Group restated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research note on Monday, March 10th. Citigroup dropped their price objective on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. BMO Capital Markets decreased their target price on Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a research report on Friday, March 14th. Finally, Piper Sandler dropped their price target on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $427.13.

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.