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

Manchester Capital Management LLC lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 86.2% in the 4th quarter, HoldingsChannel.com reports. The fund 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 hedge funds have also recently made changes to their positions in the company. Jensen Investment Management Inc. raised its position in shares of Ulta Beauty by 17.9% in the 3rd quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock worth $4,409,000 after acquiring an additional 1,720 shares in the last quarter. Versor Investments LP bought a new position in shares of Ulta Beauty in the 3rd quarter worth about $793,000. Stephens Inc. AR raised its position in shares of Ulta Beauty by 31.0% in the 3rd quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock worth $6,231,000 after acquiring an additional 3,791 shares in the last quarter. Chase Investment Counsel Corp grew its stake in shares of Ulta Beauty by 100.0% in the 3rd quarter. Chase Investment Counsel Corp now owns 4,000 shares of the specialty retailer’s stock valued at $1,556,000 after buying an additional 2,000 shares during the period. Finally, Integrated Investment Consultants LLC acquired a new stake in shares of Ulta Beauty in the 3rd quarter valued at about $4,480,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Up 1.3 %

Shares of NASDAQ ULTA opened at $365.14 on Friday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The stock’s 50 day moving average price is $414.59 and its 200-day moving average price is $386.16. The company has a market capitalization of $16.93 billion, a PE ratio of 14.61, a PEG ratio of 0.96 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.07 EPS. As a group, research analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ULTA. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Canaccord Genuity Group raised their target price on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Loop Capital raised their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. TD Cowen raised their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Finally, B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and raised their target price for the company from $330.00 to $430.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $459.22.

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.