MML Investors Services LLC Has $5.03 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

MML Investors Services LLC increased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 33.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,553 shares of the specialty retailer's stock after purchasing an additional 2,868 shares during the period. MML Investors Services LLC's holdings in Ulta Beauty were worth $5,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cornerstone Investment Partners LLC raised its stake in shares of Ulta Beauty by 3.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock worth $289,000 after purchasing an additional 25 shares in the last quarter. RWA Wealth Partners LLC lifted its stake in Ulta Beauty by 1.5% in the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock valued at $812,000 after acquiring an additional 28 shares during the last quarter. Stonegate Investment Group LLC grew its position in shares of Ulta Beauty by 0.5% in the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer's stock valued at $2,881,000 after acquiring an additional 34 shares during the period. Resonant Capital Advisors LLC increased its stake in shares of Ulta Beauty by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer's stock worth $685,000 after purchasing an additional 34 shares during the last quarter. Finally, Prestige Wealth Management Group LLC raised its holdings in shares of Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 34 shares during the period. Institutional investors own 90.39% of the company's stock.

Insider Buying and Selling at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the sale, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. This represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ULTA shares. B. Riley lowered their price target on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. TD Cowen raised their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Bank of America decreased their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Oppenheimer lifted their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Finally, Citigroup lowered their price target on shares of Ulta Beauty from $405.00 to $365.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Ulta Beauty presently has an average rating of "Hold" and a consensus price target of $427.61.

Ulta Beauty Trading Up 1.0 %

NASDAQ ULTA traded up $3.81 during trading on Tuesday, hitting $390.25. 687,265 shares of the company's stock were exchanged, compared to its average volume of 1,053,039. The stock's 50 day moving average price is $358.87 and its two-hundred day moving average price is $382.90. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $460.00. The company has a market cap of $17.68 billion, a PE ratio of 15.62, a P/E/G ratio of 0.89 and a beta of 1.16.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating analysts' consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the business posted $8.08 earnings per share. The company's quarterly revenue was down 1.9% on a year-over-year basis. Analysts forecast that Ulta Beauty, Inc. will post 23.96 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.