Granahan Investment Management Inc. MA acquired a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,519 shares of the specialty retailer’s stock, valued at approximately $343,000.
Other large investors have also recently bought and sold shares of the company. Sun Life Financial INC grew its stake in Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 419 shares in the last quarter. Lazard Asset Management LLC bought a new position in Ulta Beauty in the second quarter valued at approximately $157,000. QS Investors LLC grew its stake in Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares in the last quarter. Cypress Capital Group bought a new position in Ulta Beauty in the second quarter valued at approximately $218,000. Finally, QCM Cayman Ltd. bought a new position in Ulta Beauty in the second quarter valued at approximately $248,000. Institutional investors and hedge funds own 89.09% of the company’s stock.
A number of research analysts have weighed in on the company. Piper Jaffray Companies restated a “buy” rating and issued a $330.00 price target on shares of Ulta Beauty in a research note on Monday, August 21st. OTR Global downgraded Ulta Beauty to a “positive” rating in a research note on Monday, August 21st. Stifel Nicolaus decreased their price target on Ulta Beauty from $325.00 to $270.00 and set a “hold” rating for the company in a research note on Monday, August 21st. BidaskClub upgraded Ulta Beauty from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $310.00 target price on shares of Ulta Beauty in a research note on Thursday, August 17th. One equities 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 issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $257.39.
Shares of Ulta Beauty Inc. (ULTA) opened at $215.03 on Thursday. The firm has a market capitalization of $13,120.00, a P/E ratio of 28.14, a P/E/G ratio of 1.34 and a beta of 0.55. Ulta Beauty Inc. has a fifty-two week low of $187.96 and a fifty-two week high of $314.86.
In other news, Director Charles Heilbronn purchased 127,889 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was acquired at an average cost of $195.21 per share, with a total value of $24,965,211.69. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.20% of the company’s stock.
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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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