Shaker Investments LLC OH purchased a new position in Ulta Beauty Inc (NASDAQ:ULTA) during the third quarter, Holdings Channel reports. The fund purchased 6,830 shares of the specialty retailer’s stock, valued at approximately $1,927,000. Ulta Beauty makes up about 1.2% of Shaker Investments LLC OH’s holdings, making the stock its 29th largest position.
Several other large investors also recently modified their holdings of the stock. Nissay Asset Management Corp Japan ADV lifted its holdings in Ulta Beauty by 58.4% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 24,653 shares of the specialty retailer’s stock valued at $6,955,000 after purchasing an additional 9,085 shares during the last quarter. Frontier Capital Management Co. LLC purchased a new stake in Ulta Beauty during the third quarter valued at about $79,932,000. Aviance Capital Management LLC purchased a new stake in Ulta Beauty during the third quarter valued at about $359,000. Arizona State Retirement System lifted its holdings in Ulta Beauty by 1.6% during the third quarter. Arizona State Retirement System now owns 24,992 shares of the specialty retailer’s stock valued at $7,051,000 after purchasing an additional 397 shares during the last quarter. Finally, Winthrop Advisory Group LLC purchased a new stake in Ulta Beauty during the third quarter valued at about $218,000. 90.60% of the stock is currently owned by institutional investors.
Shares of Ulta Beauty stock traded down $11.65 on Tuesday, reaching $266.85. The stock had a trading volume of 126,462 shares, compared to its average volume of 797,714. Ulta Beauty Inc has a 1 year low of $191.70 and a 1 year high of $290.30. The company has a market cap of $16.43 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 1.36 and a beta of 0.64.
Several equities research analysts have commented on the stock. BidaskClub raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Argus assumed coverage on shares of Ulta Beauty in a report on Wednesday, October 17th. They set a “buy” rating and a $310.00 price objective on the stock. Loop Capital reaffirmed a “hold” rating and set a $280.00 price objective (up from $250.00) on shares of Ulta Beauty in a report on Thursday, September 13th. Telsey Advisory Group upped their price objective on shares of Ulta Beauty from $290.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, October 1st. Finally, UBS Group upped their price objective on shares of Ulta Beauty from $285.00 to $315.00 and gave the company a “buy” rating in a report on Friday, September 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Ulta Beauty has a consensus rating of “Buy” and an average target price of $270.80.
In related news, Director Catherine Ann Halligan sold 129 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $281.50, for a total value of $36,313.50. Following the transaction, the director now directly owns 3,628 shares in the company, valued at $1,021,282. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lorna Nagler sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $276.19, for a total transaction of $552,380.00. Following the completion of the transaction, the director now owns 7,923 shares in the company, valued at $2,188,253.37. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,407 shares of company stock worth $19,580,698. Insiders own 5.60% of the company’s stock.
Ulta Beauty Company Profile
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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