Fifth Third Bancorp Has $1.88 Million Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Fifth Third Bancorp decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,310 shares of the specialty retailer’s stock after selling 82 shares during the period. Fifth Third Bancorp’s holdings in Ulta Beauty were worth $1,875,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ULTA. Farther Finance Advisors LLC boosted its holdings in shares of Ulta Beauty by 4.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after buying an additional 28 shares in the last quarter. Global Trust Asset Management LLC boosted its stake in Ulta Beauty by 39.6% during the third quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer’s stock worth $55,000 after acquiring an additional 40 shares in the last quarter. Empirical Finance LLC boosted its stake in Ulta Beauty by 1.3% during the third quarter. Empirical Finance LLC now owns 3,231 shares of the specialty retailer’s stock worth $1,257,000 after acquiring an additional 42 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Ulta Beauty by 0.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,817 shares of the specialty retailer’s stock worth $1,874,000 after purchasing an additional 43 shares during the period. Finally, Blue Trust Inc. increased its stake in Ulta Beauty by 22.4% in the third quarter. Blue Trust Inc. now owns 240 shares of the specialty retailer’s stock valued at $93,000 after purchasing an additional 44 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $413.24 on Wednesday. The company has a market capitalization of $19.16 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The company has a 50-day simple moving average of $409.08 and a 200 day simple moving average of $385.57.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the business posted $5.07 EPS. Ulta Beauty’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of research analyst reports. Morgan Stanley raised shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $430.00 to $500.00 in a research report on Tuesday, January 21st. Citigroup raised their price objective on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Stifel Nicolaus upped their target price on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Piper Sandler upped their price objective on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty 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.