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

The Manufacturers Life Insurance Company boosted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,492 shares of the specialty retailer’s stock after buying an additional 367 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.20% of Ulta Beauty worth $37,547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sage Capital Advisors llc increased its holdings in shares of Ulta Beauty by 5.4% in the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock valued at $203,000 after acquiring an additional 27 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Ulta Beauty by 4.7% in the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock valued at $244,000 after purchasing an additional 28 shares during the last quarter. UMB Bank n.a. raised its holdings in Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of Ulta Beauty by 5.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock worth $268,000 after buying an additional 33 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in shares of Ulta Beauty by 1.0% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 3,495 shares of the specialty retailer’s stock valued at $1,349,000 after buying an additional 33 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ULTA shares. Telsey Advisory Group reissued an “outperform” rating and issued a $450.00 price target on shares of Ulta Beauty in a research report on Wednesday. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Stifel Nicolaus lifted their price target on Ulta Beauty from $385.00 to $395.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company decreased their price objective on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $422.58.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $386.64 on Friday. The company has a market cap of $18.22 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 2.16 and a beta of 1.33. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The business has a fifty day moving average of $374.12 and a two-hundred day moving average of $376.55.

Ulta Beauty (NASDAQ:ULTA) last released 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 company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the prior year, the firm posted $6.02 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. Sell-side analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current year.

About Ulta Beauty

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.