PNC Financial Services Group Inc. Increases Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

PNC Financial Services Group Inc. boosted its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,545 shares of the specialty retailer’s stock after buying an additional 3,775 shares during the period. PNC Financial Services Group Inc.’s holdings in Ulta Beauty were worth $8,066,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ULTA. Sunbelt Securities Inc. lifted its stake in Ulta Beauty by 118.4% during 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 during the period. Westside Investment Management Inc. raised its holdings in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Ulta Beauty during the fourth quarter worth $43,000. Ameliora Wealth Management Ltd. acquired a new position in Ulta Beauty during the fourth quarter valued at $43,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Ulta Beauty in the third quarter valued at $41,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $342.72 on Wednesday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The firm has a market capitalization of $15.89 billion, a PE ratio of 13.71, a P/E/G ratio of 0.89 and a beta of 1.34. The business’s 50 day moving average price is $390.90 and its 200-day moving average price is $387.73.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Morgan Stanley upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 19th. Canaccord Genuity Group lifted their price target on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Stifel Nicolaus boosted their price target on Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday, January 7th. William Blair cut shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Finally, UBS Group boosted their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One investment 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.