Manchester Capital Management LLC Acquires 75 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Manchester Capital Management LLC raised its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 86.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 162 shares of the specialty retailer’s stock after buying an additional 75 shares during the period. Manchester Capital Management LLC’s holdings in Ulta Beauty were worth $71,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in shares of Ulta Beauty by 4.7% during the third quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after purchasing an additional 28 shares during the period. Stonegate Investment Group LLC increased its stake in shares of Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after purchasing an additional 34 shares during the period. Resonant Capital Advisors LLC increased its stake in shares of Ulta Beauty by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock worth $685,000 after purchasing an additional 34 shares during the period. Clear Creek Financial Management LLC increased its stake in shares of Ulta Beauty by 4.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock worth $362,000 after purchasing an additional 35 shares during the period. Finally, Hedeker Wealth LLC increased its stake in shares of Ulta Beauty by 0.5% during the fourth quarter. Hedeker Wealth LLC now owns 7,010 shares of the specialty retailer’s stock worth $3,049,000 after purchasing an additional 38 shares during the period. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of recent research reports. Barclays increased their target price on Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. JPMorgan Chase & Co. increased their target price on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Telsey Advisory Group reissued an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research report on Tuesday, January 7th. Oppenheimer increased their price target on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $459.22.

Ulta Beauty Stock Up 1.3 %

Shares of NASDAQ:ULTA opened at $365.14 on Friday. The firm has a market cap of $16.93 billion, a P/E ratio of 14.61, a P/E/G ratio of 0.96 and a beta of 1.28. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The business has a fifty day simple moving average of $414.59 and a 200 day simple moving average of $386.16.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $5.07 EPS. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Ulta Beauty 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.