Ulta Beauty Inc (NASDAQ:ULTA) Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its position in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 13.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,506 shares of the specialty retailer’s stock after purchasing an additional 4,227 shares during the period. M&T Bank Corp owned about 0.06% of Ulta Beauty worth $7,224,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atlanta Capital Management Co. L L C purchased a new position in shares of Ulta Beauty during the first quarter worth about $109,436,000. Norges Bank purchased a new position in shares of Ulta Beauty during the fourth quarter worth about $142,743,000. Alecta Pensionsforsakring Omsesidigt grew its holdings in shares of Ulta Beauty by 44.8% during the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,003,605 shares of the specialty retailer’s stock worth $176,323,000 after buying an additional 310,605 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Ulta Beauty by 5,884.5% during the second quarter. Assenagon Asset Management S.A. now owns 264,455 shares of the specialty retailer’s stock worth $53,795,000 after buying an additional 260,036 shares during the last quarter. Finally, DNB Asset Management AS grew its holdings in shares of Ulta Beauty by 1,549.6% during the first quarter. DNB Asset Management AS now owns 244,843 shares of the specialty retailer’s stock worth $43,019,000 after buying an additional 230,000 shares during the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

In other news, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $256.55, for a total transaction of $128,275.00. Following the completion of the sale, the director now directly owns 2,750 shares of the company’s stock, valued at approximately $705,512.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sally E. Blount acquired 250 shares of the stock in a transaction dated Friday, June 26th. The shares were bought at an average cost of $193.00 per share, with a total value of $48,250.00. Following the completion of the purchase, the director now directly owns 1,239 shares in the company, valued at $239,127. The disclosure for this purchase can be found here. Insiders own 4.70% of the company’s stock.

A number of research firms recently issued reports on ULTA. Morgan Stanley raised their price target on Ulta Beauty from $215.00 to $225.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $269.00 price objective on shares of Ulta Beauty in a report on Monday, June 1st. Barclays upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $263.00 to $276.00 in a research report on Friday, June 19th. Deutsche Bank lifted their price target on shares of Ulta Beauty from $242.00 to $249.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Loop Capital lifted their price target on shares of Ulta Beauty from $210.00 to $230.00 and gave the company a “hold” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $258.41.

Shares of ULTA opened at $192.99 on Friday. The stock has a fifty day moving average of $204.79 and a two-hundred day moving average of $227.07. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.27 and a current ratio of 2.49. The company has a market capitalization of $10.87 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 3.28 and a beta of 1.46. Ulta Beauty Inc has a fifty-two week low of $124.05 and a fifty-two week high of $355.36.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, May 28th. The specialty retailer reported ($1.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($2.00). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.27 billion. Ulta Beauty had a net margin of 6.37% and a return on equity of 24.36%. The company’s revenue was down 32.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.26 earnings per share. As a group, equities research analysts forecast that Ulta Beauty Inc will post 4.65 earnings per share for the current fiscal year.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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