M&T Bank Corp Buys 539 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

M&T Bank Corp grew its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 16.2% in the fourth quarter, HoldingsChannel reports. The fund owned 3,876 shares of the specialty retailer’s stock after acquiring an additional 539 shares during the period. M&T Bank Corp’s holdings in Ulta Beauty were worth $1,686,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Ulta Beauty by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock valued at $461,059,000 after purchasing an additional 10,153 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in Ulta Beauty in the 3rd quarter valued at $359,480,000. Champlain Investment Partners LLC increased its stake in shares of Ulta Beauty by 5.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after buying an additional 31,540 shares during the period. Holocene Advisors LP raised its position in shares of Ulta Beauty by 3,246.2% during the third quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after acquiring an additional 335,914 shares during the last quarter. Finally, Swedbank AB raised its position in shares of Ulta Beauty by 33.9% during the third quarter. Swedbank AB now owns 321,605 shares of the specialty retailer’s stock worth $125,143,000 after acquiring an additional 81,414 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, February 19th. Barclays boosted their price target on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. Canaccord Genuity Group raised their price objective on shares of Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, Piper Sandler upped their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty currently has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Stock Up 0.1 %

Shares of NASDAQ:ULTA opened at $355.43 on Monday. The firm has a market cap of $16.48 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The company’s fifty day simple moving average is $394.36 and its 200 day simple moving average is $388.12.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $5.07 EPS. Research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

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.