Bank of New York Mellon Corp Boosts Stock Holdings in Ulta Beauty Inc. (NASDAQ:ULTA)

Bank of New York Mellon Corp raised its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 277,208 shares of the specialty retailer's stock after purchasing an additional 1,064 shares during the period. Bank of New York Mellon Corp owned 0.61% of Ulta Beauty worth $101,608,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Wayfinding Financial LLC bought a new position in Ulta Beauty during the 1st quarter worth $31,000. IFM Investors Pty Ltd grew its holdings in Ulta Beauty by 11.6% during the 1st quarter. IFM Investors Pty Ltd now owns 9,873 shares of the specialty retailer's stock worth $3,842,000 after acquiring an additional 1,027 shares during the period. OneDigital Investment Advisors LLC grew its holdings in Ulta Beauty by 32.1% during the 1st quarter. OneDigital Investment Advisors LLC now owns 1,164 shares of the specialty retailer's stock worth $427,000 after acquiring an additional 283 shares during the period. Resonant Capital Advisors LLC grew its holdings in Ulta Beauty by 3.5% during the 1st quarter. Resonant Capital Advisors LLC now owns 1,631 shares of the specialty retailer's stock worth $598,000 after acquiring an additional 55 shares during the period. Finally, Aaron Wealth Advisors LLC grew its holdings in Ulta Beauty by 70.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 834 shares of the specialty retailer's stock worth $306,000 after acquiring an additional 346 shares during the period. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Up 0.1%

ULTA stock traded up $0.70 during mid-day trading on Friday, reaching $476.84. 474,112 shares of the company traded hands, compared to its average volume of 1,043,671. The stock has a market cap of $21.43 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 2.89 and a beta of 1.08. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $498.52. The firm's 50 day moving average price is $445.81 and its 200 day moving average price is $403.72.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, beating the consensus estimate of $5.73 by $0.97. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the prior year, the business earned $6.47 earnings per share. Ulta Beauty's revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on ULTA shares. Bank of America decreased their price target on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a report on Friday, March 14th. DA Davidson increased their price target on Ulta Beauty from $485.00 to $550.00 and gave the stock a "buy" rating in a report on Monday. B. Riley decreased their price target on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating for the company in a report on Friday, March 14th. JPMorgan Chase & Co. increased their price target on Ulta Beauty from $477.00 to $525.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Finally, Canaccord Genuity Group increased their price target on Ulta Beauty from $510.00 to $542.00 and gave the stock a "buy" rating in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $465.04.

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.