MTM Investment Management LLC Purchases Shares of 100 Ulta Beauty Inc. $ULTA

MTM Investment Management LLC acquired a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 100 shares of the specialty retailer’s stock, valued at approximately $47,000.

A number of other large investors also recently made changes to their positions in ULTA. Price T Rowe Associates Inc. MD boosted its stake in shares of Ulta Beauty by 128.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock worth $449,021,000 after buying an additional 688,267 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Ulta Beauty by 81.7% in the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock valued at $334,871,000 after purchasing an additional 410,900 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Ulta Beauty by 64.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock valued at $341,453,000 after purchasing an additional 366,147 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Ulta Beauty by 5,117.0% during the first quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer’s stock worth $80,753,000 after buying an additional 216,089 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Ulta Beauty by 237.7% during the 1st quarter. AQR Capital Management LLC now owns 270,420 shares of the specialty retailer’s stock worth $96,674,000 after purchasing an additional 190,353 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ULTA. Weiss Ratings restated a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, October 8th. Bank of America raised their target price on Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Wells Fargo & Company upped their price target on Ulta Beauty from $425.00 to $450.00 and gave the company an “underweight” rating in a research report on Thursday, October 16th. Argus upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price objective for the company in a research report on Thursday, September 25th. Finally, Piper Sandler assumed coverage on shares of Ulta Beauty in a research note on Thursday, September 4th. They set an “overweight” rating and a $590.00 price objective for the company. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $550.38.

Ulta Beauty Stock Down 0.8%

ULTA opened at $529.34 on Monday. The business’s fifty day simple moving average is $531.31 and its 200 day simple moving average is $493.84. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $572.23. The stock has a market cap of $23.74 billion, a PE ratio of 20.30, a P/E/G ratio of 2.91 and a beta of 1.05.

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

Insider Buying and Selling at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the sale, the director owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.39% 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.