The Manufacturers Life Insurance Company Sells 1,674 Shares of Ulta Beauty Inc. $ULTA

The Manufacturers Life Insurance Company trimmed its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 7.1% during the second quarter, Holdings Channel reports. The fund owned 21,817 shares of the specialty retailer’s stock after selling 1,674 shares during the period. The Manufacturers Life Insurance Company’s holdings in Ulta Beauty were worth $9,839,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Focus Partners Wealth grew its holdings in Ulta Beauty by 231.6% during the first quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer’s stock valued at $1,372,000 after purchasing an additional 2,615 shares during the period. Intech Investment Management LLC raised its stake in shares of Ulta Beauty by 48.9% in the first quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $1,758,000 after buying an additional 1,574 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Ulta Beauty in the second quarter valued at $466,000. Jump Financial LLC purchased a new position in shares of Ulta Beauty during the 2nd quarter valued at $1,196,000. Finally, Daiwa Securities Group Inc. grew its stake in shares of Ulta Beauty by 0.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,475 shares of the specialty retailer’s stock worth $3,497,000 after acquiring an additional 70 shares during the period. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on ULTA. Piper Sandler decreased their price objective on Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Evercore set a $635.00 price objective on shares of Ulta Beauty in a report on Wednesday, June 3rd. Barclays cut their target price on shares of Ulta Beauty from $647.00 to $645.00 and set an “overweight” rating for the company in a research report on Friday, August 28th. UBS Group set a $631.00 price target on shares of Ulta Beauty in a research report on Friday, August 28th. Finally, Jefferies Financial Group restated a “buy” rating and set a $650.00 price target on shares of Ulta Beauty in a research note on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $624.57.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $546.78 on Monday. Ulta Beauty Inc. has a 52-week low of $443.60 and a 52-week high of $714.97. The firm has a market cap of $23.38 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.63 and a beta of 0.85. The business’s fifty day moving average is $514.13 and its 200 day moving average is $524.13.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.22 by $0.33. Ulta Beauty had a return on equity of 45.40% and a net margin of 9.34%.The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the firm posted $5.78 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. Equities analysts predict that Ulta Beauty Inc. will post 28.94 EPS for the current fiscal year.

Ulta Beauty Profile

Ulta Beauty, Inc is a specialty beauty retailer operating under the Ulta Beauty brand. The company sells a broad selection of cosmetics, skincare, haircare, fragrance, bath and body products, and beauty tools across a range of price points. Its merchandise includes both established brands and private-label products, as well as prestige, mass-market and professional beauty offerings.

In addition to retail sales, Ulta Beauty provides services through salon locations within many of its stores, including hair, skin and brow services.