M&T Bank Corp Has $1.69 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

M&T Bank Corp lifted its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 16.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board bought a new position in shares of Ulta Beauty in the third quarter valued at approximately $359,480,000. Holocene Advisors LP grew its stake in Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after buying an additional 335,914 shares during the last quarter. Atreides Management LP bought a new position in Ulta Beauty in the 3rd quarter worth $73,069,000. Proficio Capital Partners LLC acquired a new position in Ulta Beauty during the 4th quarter worth $58,074,000. Finally, Victory Capital Management Inc. boosted its holdings in Ulta Beauty by 364.6% during the fourth quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer’s stock valued at $69,177,000 after acquiring an additional 124,822 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Bank of America lifted their price objective on Ulta Beauty from $460.00 to $475.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Stifel Nicolaus lifted their price target on Ulta Beauty from $455.00 to $475.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. BMO Capital Markets increased their price objective on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Citigroup boosted their target price on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $355.43 on Monday. The company’s fifty day moving average is $394.36 and its 200-day moving average is $388.12. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The company has a market capitalization of $16.48 billion, a PE ratio of 14.22, a P/E/G ratio of 0.89 and a beta of 1.34.

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

Ulta Beauty Company 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.