Commerce Bank trimmed its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 33.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,108 shares of the specialty retailer’s stock after selling 560 shares during the period. Commerce Bank’s holdings in Ulta Beauty were worth $251,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in ULTA. Sun Life Financial INC lifted its holdings in shares of Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after acquiring an additional 419 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Ulta Beauty in the second quarter worth about $157,000. QS Investors LLC lifted its holdings in shares of Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 6 shares during the last quarter. Cypress Capital Group bought a new position in shares of Ulta Beauty in the second quarter worth about $218,000. Finally, QCM Cayman Ltd. bought a new position in shares of Ulta Beauty in the second quarter worth about $248,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.
A number of research firms have recently commented on ULTA. Jefferies Group set a $350.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Monday, August 14th. Piper Jaffray Companies reissued a “buy” rating and issued a $330.00 target price on shares of Ulta Beauty in a report on Monday, August 21st. OTR Global cut shares of Ulta Beauty to a “positive” rating in a report on Monday, August 21st. Stifel Nicolaus dropped their target price on shares of Ulta Beauty from $325.00 to $270.00 and set a “hold” rating for the company in a report on Monday, August 21st. Finally, BidaskClub upgraded shares of Ulta Beauty from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $257.39.
In related news, Director Charles Heilbronn acquired 127,889 shares of Ulta Beauty stock in a transaction dated Friday, October 13th. The stock was bought at an average price of $195.21 per share, with a total value of $24,965,211.69. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.20% of the company’s stock.
Shares of Ulta Beauty Inc. (ULTA) traded down $1.55 during mid-day trading on Thursday, hitting $221.59. 1,039,517 shares of the stock traded hands, compared to its average volume of 1,022,186. The firm has a market cap of $13,590.00, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 1.38 and a beta of 0.55. Ulta Beauty Inc. has a one year low of $187.96 and a one year high of $314.86.
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Ulta Beauty Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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