Ulta Beauty Inc (ULTA) Position Lowered by Man Group plc

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Man Group plc lowered its stake in Ulta Beauty Inc (NASDAQ:ULTA) by 89.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,916 shares of the specialty retailer’s stock after selling 58,121 shares during the period. Man Group plc’s holdings in Ulta Beauty were worth $1,951,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of ULTA. Rational Advisors LLC increased its position in shares of Ulta Beauty by 539.7% in the third quarter. Rational Advisors LLC now owns 371 shares of the specialty retailer’s stock worth $105,000 after purchasing an additional 313 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in Ulta Beauty in the third quarter valued at about $151,000. Harbour Capital Advisors LLC acquired a new stake in Ulta Beauty in the third quarter valued at about $203,000. D.B. Root & Company LLC acquired a new stake in Ulta Beauty in the third quarter valued at about $208,000. Finally, Winthrop Advisory Group LLC acquired a new stake in Ulta Beauty in the third quarter valued at about $218,000. Institutional investors own 89.46% of the company’s stock.

Several analysts recently weighed in on ULTA shares. BidaskClub lowered Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Telsey Advisory Group raised their price objective on Ulta Beauty from $290.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. Morgan Stanley raised their price objective on Ulta Beauty from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, October 11th. ValuEngine raised Ulta Beauty from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Finally, Argus started coverage on Ulta Beauty in a research note on Wednesday, October 17th. They issued a “buy” rating and a $310.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $288.84.

Shares of ULTA stock opened at $284.11 on Friday. Ulta Beauty Inc has a 12 month low of $191.70 and a 12 month high of $322.49. The stock has a market cap of $16.68 billion, a PE ratio of 34.82, a PEG ratio of 1.41 and a beta of 0.94.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 6th. The specialty retailer reported $2.18 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.02. Ulta Beauty had a return on equity of 33.75% and a net margin of 9.99%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the firm posted $1.69 earnings per share. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. Sell-side analysts anticipate that Ulta Beauty Inc will post 10.82 EPS for the current fiscal year.

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About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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

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