Ulta Beauty Inc. (ULTA) Shares Bought by M&T Bank Corp
M&T Bank Corp raised its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 25.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,557 shares of the specialty retailer’s stock after buying an additional 4,615 shares during the quarter. M&T Bank Corp’s holdings in Ulta Beauty were worth $6,480,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Fifth Third Bancorp lifted its holdings in shares of Ulta Beauty by 11.2% during the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after buying an additional 40 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of Ulta Beauty during the first quarter worth approximately $142,000. Lazard Asset Management LLC acquired a new position in shares of Ulta Beauty during the second quarter worth approximately $157,000. EFG Asset Management Americas Corp. acquired a new position in shares of Ulta Beauty during the first quarter worth approximately $221,000. Finally, M Holdings Securities Inc. acquired a new position in shares of Ulta Beauty during the first quarter worth approximately $228,000. Institutional investors own 87.91% of the company’s stock.
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In related news, Director Michael R. Macdonald acquired 2,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average cost of $208.37 per share, with a total value of $416,740.00. Following the acquisition, the director now directly owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.20% of the stock is owned by insiders.
Ulta Beauty Inc. (NASDAQ:ULTA) opened at 219.17 on Friday. The firm’s 50-day moving average price is $233.76 and its 200 day moving average price is $271.14. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 29.18 and a beta of 0.57. Ulta Beauty Inc. has a 1-year low of $204.01 and a 1-year high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. On average, analysts predict that Ulta Beauty Inc. will post $8.38 EPS for the current year.
ULTA has been the subject of a number of research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $360.00 price target (up from $320.00) on shares of Ulta Beauty in a report on Friday, May 26th. Buckingham Research lowered Ulta Beauty from a “buy” rating to a “neutral” rating and upped their price target for the stock from $325.00 to $330.00 in a report on Friday, May 26th. Stifel Nicolaus reiterated a “hold” rating and set a $305.00 price target (up from $290.00) on shares of Ulta Beauty in a report on Friday, May 26th. Piper Jaffray Companies set a $333.00 price target on Ulta Beauty and gave the stock a “buy” rating in a report on Saturday, May 27th. Finally, BMO Capital Markets set a $345.00 price target on Ulta Beauty and gave the stock a “buy” rating in a report on Saturday, May 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $281.63.
Ulta Beauty Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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