Mattern Capital Management LLC Grows Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Mattern Capital Management LLC grew its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 36.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,375 shares of the specialty retailer’s stock after acquiring an additional 365 shares during the quarter. Mattern Capital Management LLC’s holdings in Ulta Beauty were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ULTA. International Assets Investment Management LLC raised its holdings in shares of Ulta Beauty by 180,713.0% during the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after purchasing an additional 1,237,884 shares during the period. TD Asset Management Inc boosted its position in Ulta Beauty by 14.1% during the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock valued at $239,545,000 after purchasing an additional 76,721 shares during the period. Alecta Tjanstepension Omsesidigt grew its stake in Ulta Beauty by 14.4% during the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock worth $200,944,000 after buying an additional 65,000 shares during the last quarter. Boston Partners increased its position in Ulta Beauty by 47.7% in the first quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock worth $246,862,000 after buying an additional 153,727 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Ulta Beauty by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock valued at $163,149,000 after buying an additional 24,822 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. The Goldman Sachs Group dropped their price target on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $450.00 to $472.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. BMO Capital Markets set a $385.00 price objective on Ulta Beauty in a report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $420.71.

Ulta Beauty Stock Up 1.7 %

Shares of Ulta Beauty stock opened at $373.30 on Friday. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The firm has a market capitalization of $17.59 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 2.10 and a beta of 1.32. The stock’s fifty day moving average is $376.26 and its 200-day moving average is $383.60.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period in the prior year, the business posted $6.02 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

Ulta Beauty Company 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.