M&T Bank Corp Buys 700 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

M&T Bank Corp raised its stake in Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 21.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,900 shares of the specialty retailer’s stock after buying an additional 700 shares during the period. M&T Bank Corp’s holdings in Ulta Beauty were worth $1,308,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ULTA. Exchange Traded Concepts LLC bought a new position in shares of Ulta Beauty in the 1st quarter worth $322,000. Greenleaf Trust boosted its stake in shares of Ulta Beauty by 26.1% in the 1st quarter. Greenleaf Trust now owns 1,170 shares of the specialty retailer’s stock valued at $466,000 after purchasing an additional 242 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Ulta Beauty by 35.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 54,551 shares of the specialty retailer’s stock valued at $22,009,000 after purchasing an additional 14,168 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Ulta Beauty by 1.2% in the 1st quarter. GHP Investment Advisors Inc. now owns 27,882 shares of the specialty retailer’s stock valued at $11,103,000 after purchasing an additional 333 shares in the last quarter. Finally, FCF Advisors LLC boosted its stake in shares of Ulta Beauty by 2.5% in the 1st quarter. FCF Advisors LLC now owns 3,303 shares of the specialty retailer’s stock valued at $1,315,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 89.20% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $413.47 on Thursday. The firm has a market cap of $21.18 billion, a P/E ratio of 19.37, a P/E/G ratio of 1.41 and a beta of 1.32. Ulta Beauty, Inc. has a fifty-two week low of $330.80 and a fifty-two week high of $451.30. The firm has a 50-day simple moving average of $409.42 and a two-hundred day simple moving average of $399.83.

Ulta Beauty (NASDAQ:ULTAGet Rating) last released its quarterly earnings data on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share for the quarter, beating analysts’ consensus estimates of $4.96 by $0.74. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. Ulta Beauty had a net margin of 12.08% and a return on equity of 64.33%. Ulta Beauty’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the business earned $4.56 EPS. On average, equities research analysts predict that Ulta Beauty, Inc. will post 21.34 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ULTA shares. The Goldman Sachs Group upped their price objective on shares of Ulta Beauty from $427.00 to $491.00 and gave the company a “buy” rating in a research note on Friday, August 26th. Barclays upped their price objective on shares of Ulta Beauty from $491.00 to $511.00 and gave the company an “overweight” rating in a research note on Monday, August 29th. Robert W. Baird raised their target price on shares of Ulta Beauty from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Stifel Nicolaus raised their target price on shares of Ulta Beauty from $435.00 to $450.00 and gave the stock a “hold” rating in a research report on Friday, August 26th. Finally, Telsey Advisory Group raised their target price on shares of Ulta Beauty from $475.00 to $510.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and an average price target of $485.24.

Insider Transactions at Ulta Beauty

In other news, insider Anita Jane Ryan sold 594 shares of Ulta Beauty stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total value of $261,674.82. Following the completion of the sale, the insider now directly owns 2,482 shares in the company, valued at $1,093,395.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Anita Jane Ryan sold 594 shares of Ulta Beauty stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total value of $261,674.82. Following the completion of the sale, the insider now directly owns 2,482 shares in the company, valued at $1,093,395.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 276 shares of Ulta Beauty stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $445.86, for a total transaction of $123,057.36. Following the completion of the sale, the director now owns 2,168 shares of the company’s stock, valued at $966,624.48. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

About Ulta Beauty

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Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.

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

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