Bank of New York Mellon Corp Has $129.42 Million Stake in Ulta Beauty Inc. $ULTA

Bank of New York Mellon Corp lowered its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 0.2% in the second quarter, HoldingsChannel.com reports. The firm owned 276,637 shares of the specialty retailer’s stock after selling 571 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ulta Beauty were worth $129,416,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ULTA. Price T Rowe Associates Inc. MD raised its position in shares of Ulta Beauty by 128.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock worth $449,021,000 after acquiring an additional 688,267 shares during the last quarter. JPMorgan Chase & Co. increased its position in Ulta Beauty by 81.7% in the first quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock worth $334,871,000 after purchasing an additional 410,900 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Ulta Beauty by 64.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock worth $341,453,000 after purchasing an additional 366,147 shares during the period. Pacer Advisors Inc. lifted its position in Ulta Beauty by 5,117.0% during the 1st quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer’s stock valued at $80,753,000 after purchasing an additional 216,089 shares during the period. Finally, AQR Capital Management LLC lifted its position in Ulta Beauty by 237.7% during the 1st quarter. AQR Capital Management LLC now owns 270,420 shares of the specialty retailer’s stock valued at $96,674,000 after purchasing an additional 190,353 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $509.85 on Friday. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $572.23. The stock has a market capitalization of $22.86 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.87 and a beta of 1.05. The business’s 50-day simple moving average is $530.07 and its 200-day simple moving average is $486.34.

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

Analyst Upgrades and Downgrades

ULTA has been the subject of several analyst reports. Oppenheimer lifted their price target on shares of Ulta Beauty from $510.00 to $600.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Argus raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 target price for the company in a report on Thursday, September 25th. Jefferies Financial Group upped their target price on shares of Ulta Beauty from $425.00 to $550.00 and gave the company a “hold” rating in a research report on Tuesday, August 26th. Wells Fargo & Company raised their price target on Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a research report on Thursday, October 16th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $610.00 price objective on shares of Ulta Beauty in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $550.38.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $528.43, for a total transaction of $264,215.00. Following the sale, the director directly owned 2,263 shares of the company’s stock, valued at $1,195,837.09. The trade was a 18.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.17% of the stock is currently owned by corporate insiders.

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.