Massmutual Belief Co. FSB ADV Has $51,000 Inventory Place in Ulta Magnificence, Inc. (NASDAQ:ULTA)
Massmutual Trust Co. FSB ADV increased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 69.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105 shares of the specialty retailer’s stock after buying an additional 43 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Ulta Beauty were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Loomis Sayles & Co. L P lifted its holdings in shares of Ulta Beauty by 364.3% in the third quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 51 shares during the last quarter. Coppell Advisory Solutions LLC acquired a new stake in Ulta Beauty during the 2nd quarter valued at approximately $26,000. Parkside Financial Bank & Trust increased its position in Ulta Beauty by 59.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares during the period. VisionPoint Advisory Group LLC increased its position in Ulta Beauty by 7,300.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 73 shares during the period. Finally, Ancora Advisors LLC acquired a new stake in Ulta Beauty during the 1st quarter valued at approximately $31,000. 92.30% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Stock Performance
ULTA opened at $532.33 on Tuesday. The stock has a market capitalization of $25.85 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 2.25 and a beta of 1.31. The stock’s 50 day moving average price is $519.68 and its 200-day moving average price is $456.96. Ulta Beauty, Inc. has a 52-week low of $368.02 and a 52-week high of $574.76.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, topping the consensus estimate of $7.49 by $0.59. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $6.68 earnings per share. Research analysts forecast that Ulta Beauty, Inc. will post 26.77 EPS for the current fiscal year.
Ulta Beauty declared that its board has authorized a share repurchase plan on Thursday, March 14th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to reacquire up to 7.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
Analysts Set New Price Targets
ULTA has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target on Ulta Beauty from $485.00 to $540.00 and gave the stock a “market perform” rating in a report on Friday. Oppenheimer reaffirmed an “outperform” rating and set a $525.00 target price on shares of Ulta Beauty in a research report on Friday, December 1st. JPMorgan Chase & Co. raised their target price on Ulta Beauty from $535.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Barclays lifted their price objective on Ulta Beauty from $583.00 to $612.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Evercore ISI reduced their target price on Ulta Beauty from $656.00 to $635.00 and set an “outperform” rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $579.81.
Check Out Our Latest Stock Analysis on ULTA
Ulta Beauty Company Profile
Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.
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