Ulta Beauty Inc. (ULTA) Position Cut by Magnetar Financial LLC

Magnetar Financial LLC lessened its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 32.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,287 shares of the specialty retailer’s stock after selling 2,080 shares during the period. Magnetar Financial LLC’s holdings in Ulta Beauty were worth $969,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Ulta Beauty by 3.1% in the second quarter. Vanguard Group Inc. now owns 5,738,059 shares of the specialty retailer’s stock worth $1,648,774,000 after buying an additional 173,627 shares during the period. BlackRock Inc. boosted its holdings in shares of Ulta Beauty by 6.2% in the second quarter. BlackRock Inc. now owns 4,255,942 shares of the specialty retailer’s stock worth $1,222,902,000 after buying an additional 247,992 shares during the period. Jennison Associates LLC boosted its holdings in shares of Ulta Beauty by 9.1% in the second quarter. Jennison Associates LLC now owns 2,468,332 shares of the specialty retailer’s stock worth $709,251,000 after buying an additional 205,289 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Ulta Beauty by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 2,180,557 shares of the specialty retailer’s stock worth $626,560,000 after buying an additional 83,081 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Ulta Beauty by 58.3% in the third quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock worth $314,378,000 after buying an additional 512,315 shares during the period. Institutional investors own 89.09% of the company’s stock.

A number of research firms have recently issued reports on ULTA. Jefferies Group set a $350.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, August 14th. Piper Jaffray Companies reissued a “buy” rating and issued a $330.00 price target on shares of Ulta Beauty in a research report on Monday, August 21st. OTR Global lowered shares of Ulta Beauty to a “positive” rating in a research report on Monday, August 21st. Stifel Nicolaus reduced their price target on shares of Ulta Beauty from $325.00 to $270.00 and set a “hold” rating for the company in a research report on Monday, August 21st. Finally, BidaskClub raised shares of Ulta Beauty from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Ulta Beauty has a consensus rating of “Hold” and a consensus target price of $257.39.

Ulta Beauty Inc. (NASDAQ:ULTA) opened at $224.54 on Monday. The company has a market cap of $13,695.23, a P/E ratio of 29.24, a PEG ratio of 1.39 and a beta of 0.55. Ulta Beauty Inc. has a 52-week low of $187.96 and a 52-week high of $314.86.

In related news, Director Charles Heilbronn acquired 127,889 shares of the stock in a transaction dated Friday, October 13th. The shares were acquired at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.20% of the company’s stock.

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About Ulta Beauty

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.

Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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