GSA Capital Partners LLP boosted its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 528.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,079 shares of the specialty retailer’s stock after buying an additional 10,157 shares during the period. GSA Capital Partners LLP’s holdings in Ulta Beauty were worth $2,731,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in ULTA. Sun Life Financial INC lifted its holdings 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 buying an additional 419 shares during the period. Lazard Asset Management LLC acquired a new position in Ulta Beauty in the second quarter valued at $157,000. QS Investors LLC lifted its holdings 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 buying an additional 6 shares during the period. Cypress Capital Group acquired a new position in Ulta Beauty in the second quarter valued at $218,000. Finally, QCM Cayman Ltd. bought a new stake in Ulta Beauty in the second quarter valued at $248,000. Institutional investors and hedge funds own 89.09% of the company’s stock.
Shares of Ulta Beauty Inc. (NASDAQ ULTA) opened at $217.17 on Friday. The company has a market cap of $13,105.44, a PE ratio of 27.98, a PEG ratio of 1.33 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.
Several equities research analysts have weighed in on ULTA shares. Cleveland Research downgraded shares of Ulta Beauty from a “buy” rating to a “neutral” rating and lifted their price target for the company from $189.50 to $314.00 in a research note on Thursday, October 12th. Goldman Sachs Group downgraded shares of Ulta Beauty from a “conviction-buy” rating to a “buy” rating and decreased their price target for the company from $290.00 to $267.00 in a research note on Monday, October 16th. Cowen set a $336.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Friday, October 20th. Robert W. Baird set a $265.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, Zacks Investment Research raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $257.39.
In other Ulta Beauty news, Director Charles Heilbronn bought 127,889 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was bought at an average cost of $195.21 per share, with a total value of $24,965,211.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.20% of the company’s stock.
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Ulta Beauty Company 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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