Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Man Group plc

Man Group plc lifted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 65.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,503 shares of the specialty retailer's stock after acquiring an additional 81,102 shares during the period. Man Group plc owned 0.44% of Ulta Beauty worth $89,379,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Prestige Wealth Management Group LLC grew its position in shares of Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 34 shares during the last quarter. Ameliora Wealth Management Ltd. purchased a new position in shares of Ulta Beauty during the fourth quarter worth approximately $43,000. Colonial Trust Co SC grew its position in shares of Ulta Beauty by 36.9% during the fourth quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock worth $50,000 after acquiring an additional 31 shares during the last quarter. Trust Co. of Vermont grew its position in shares of Ulta Beauty by 60.0% during the fourth quarter. Trust Co. of Vermont now owns 144 shares of the specialty retailer's stock worth $63,000 after acquiring an additional 54 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Ulta Beauty by 213.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 160 shares of the specialty retailer's stock worth $70,000 after acquiring an additional 109 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the transaction, the insider now owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ULTA shares. JPMorgan Chase & Co. lowered their price objective on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Truist Financial lifted their price objective on shares of Ulta Beauty from $364.00 to $386.00 and gave the company a "neutral" rating in a research report on Thursday. Bank of America lowered their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Wells Fargo & Company lifted their price objective on shares of Ulta Beauty from $300.00 to $315.00 and gave the company an "underweight" rating in a research report on Wednesday. Finally, The Goldman Sachs Group upgraded shares of Ulta Beauty from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $384.00 to $423.00 in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $426.08.

Ulta Beauty Trading Up 0.3%

Shares of NASDAQ:ULTA traded up $1.25 during midday trading on Friday, hitting $412.99. 407,728 shares of the stock were exchanged, compared to its average volume of 1,052,686. The stock has a market cap of $18.65 billion, a P/E ratio of 16.53, a PEG ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $460.00. The company has a 50 day moving average price of $370.52 and a 200-day moving average price of $385.45.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the company posted $8.08 EPS. The business's revenue was down 1.9% on a year-over-year basis. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share 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.