MassMutual Private Wealth & Trust FSB Acquires 125 Shares of Ulta Beauty Inc. $ULTA

MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 105.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243 shares of the specialty retailer’s stock after purchasing an additional 125 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Ulta Beauty were worth $114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC boosted its holdings in Ulta Beauty by 34.9% in the fourth quarter. Tidal Investments LLC now owns 3,674 shares of the specialty retailer’s stock worth $1,598,000 after acquiring an additional 951 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of Ulta Beauty by 120.5% in the fourth quarter. Vident Advisory LLC now owns 1,160 shares of the specialty retailer’s stock valued at $505,000 after purchasing an additional 634 shares in the last quarter. Woodline Partners LP bought a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $1,230,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Ulta Beauty by 10.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 437,809 shares of the specialty retailer’s stock valued at $190,416,000 after purchasing an additional 42,201 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC bought a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $1,106,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 2.5%

Shares of ULTA opened at $521.47 on Friday. The business’s 50 day moving average price is $514.04 and its 200-day moving average price is $443.18. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $539.00. The stock has a market cap of $23.38 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.94 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping analysts’ consensus estimates of $5.03 by $0.75. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.30 EPS. On average, equities analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ULTA. Wall Street Zen upgraded Ulta Beauty from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Evercore ISI increased their price target on Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Bank of America increased their price target on Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $605.00 price target (up from $580.00) on shares of Ulta Beauty in a research report on Friday, August 29th. Finally, Cowen reaffirmed a “hold” rating on shares of Ulta Beauty in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $543.13.

Insiders Place Their Bets

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the sale, the director directly owned 2,263 shares in the company, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

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.