Man Group plc Sells 58,121 Shares of Ulta Beauty Inc (ULTA)

Man Group plc reduced its position in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 89.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,916 shares of the specialty retailer’s stock after selling 58,121 shares during the quarter. Man Group plc’s holdings in Ulta Beauty were worth $1,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in ULTA. Pacer Advisors Inc. grew its position in shares of Ulta Beauty by 24.6% in the 3rd quarter. Pacer Advisors Inc. now owns 5,816 shares of the specialty retailer’s stock valued at $1,641,000 after purchasing an additional 1,149 shares during the period. Highland Capital Management LP boosted its position in Ulta Beauty by 50.0% during the 3rd quarter. Highland Capital Management LP now owns 1,500 shares of the specialty retailer’s stock worth $423,000 after acquiring an additional 500 shares during the last quarter. Jefferies Group LLC boosted its position in Ulta Beauty by 53.0% during the 3rd quarter. Jefferies Group LLC now owns 28,200 shares of the specialty retailer’s stock worth $7,956,000 after acquiring an additional 9,767 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in Ulta Beauty by 37.1% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 4,009 shares of the specialty retailer’s stock worth $1,131,000 after acquiring an additional 1,085 shares during the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new position in Ulta Beauty during the 3rd quarter worth approximately $233,000. 89.46% of the stock is owned by hedge funds and other institutional investors.

NASDAQ ULTA opened at $284.11 on Friday. The company has a market capitalization of $16.68 billion, a PE ratio of 34.82, a P/E/G ratio of 1.41 and a beta of 0.94. Ulta Beauty Inc has a 12 month low of $191.70 and a 12 month high of $322.49.



Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 6th. The specialty retailer reported $2.18 EPS for the quarter, beating the 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 company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm posted $1.69 EPS. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. Analysts forecast that Ulta Beauty Inc will post 10.82 earnings per share for the current year.

A number of equities analysts have weighed in on ULTA shares. BidaskClub downgraded Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Telsey Advisory Group upped their price target on Ulta Beauty from $290.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. Morgan Stanley upped their price target on Ulta Beauty from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, October 11th. ValuEngine raised Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Finally, Argus started coverage on Ulta Beauty in a research report on Wednesday, October 17th. They set a “buy” rating and a $310.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $288.84.

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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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