MML Investors Services LLC Has $3.38 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

MML Investors Services LLC grew its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,685 shares of the specialty retailer’s stock after purchasing an additional 968 shares during the period. MML Investors Services LLC’s holdings in Ulta Beauty were worth $3,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in shares of Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 30 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $32,000. Paladin Wealth LLC bought a new position in Ulta Beauty during the 3rd quarter valued at about $32,000. Harvest Fund Management Co. Ltd bought a new position in Ulta Beauty during the 3rd quarter valued at about $41,000. Finally, American National Bank & Trust bought a new position in Ulta Beauty during the 3rd quarter valued at about $44,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ULTA has been the subject of several analyst reports. William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. B. Riley lifted their price target on shares of Ulta Beauty from $300.00 to $330.00 and gave the company a “sell” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Citigroup lifted their price target on shares of Ulta Beauty from $390.00 to $450.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, BMO Capital Markets boosted their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $439.30.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $424.11 on Friday. The stock has a market cap of $19.67 billion, a P/E ratio of 16.97, a P/E/G ratio of 2.38 and a beta of 1.32. The firm has a 50 day moving average price of $378.38 and a 200 day moving average price of $378.10. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.07 earnings per share. Analysts predict that Ulta Beauty, Inc. will post 23.57 earnings per share for the current fiscal year.

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.