The Manufacturers Life Insurance Company Increases Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

The Manufacturers Life Insurance Company increased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTAFree Report) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 96,492 shares of the specialty retailer’s stock after purchasing an additional 367 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Ulta Beauty were worth $37,547,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ULTA. Sage Capital Advisors llc lifted its holdings in shares of Ulta Beauty by 5.4% in the second quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock valued at $203,000 after purchasing an additional 27 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Ulta Beauty by 4.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after buying an additional 28 shares in the last quarter. UMB Bank n.a. grew its holdings in 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 buying an additional 30 shares during the last quarter. AdvisorNet Financial Inc increased its position in Ulta Beauty by 5.0% during the second quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock worth $268,000 after buying an additional 33 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its holdings in shares of Ulta Beauty by 1.0% in the second quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock worth $1,349,000 after acquiring an additional 33 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of ULTA opened at $386.64 on Friday. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The stock’s 50-day moving average is $374.12 and its two-hundred day moving average is $376.55. The stock has a market cap of $18.22 billion, a PE ratio of 15.52, a P/E/G ratio of 2.16 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the firm posted $6.02 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, research analysts anticipate that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year.

Analysts Set New Price Targets

ULTA has been the topic of a number of analyst reports. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. BMO Capital Markets set a $385.00 price target on shares of Ulta Beauty in a report on Thursday, October 17th. Raymond James reduced their price objective on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Wells Fargo & Company cut their price target on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, August 30th. Finally, Evercore ISI decreased their price objective on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $422.58.

Get Our Latest Research Report on ULTA

About Ulta Beauty

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty, Inc. (NASDAQ:ULTAFree Report).

Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.