Stock Yards Bank & Trust Co. bought a new stake in Ulta Beauty Inc (NASDAQ:ULTA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,117 shares of the specialty retailer’s stock, valued at approximately $6,512,000.
Several other institutional investors have also made changes to their positions in ULTA. Sun Life Financial INC grew its position in Ulta Beauty by 4,655.6% in the 2nd 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 last quarter. Lazard Asset Management LLC purchased a new position in Ulta Beauty in the 2nd quarter valued at $157,000. QS Investors LLC grew its position in Ulta Beauty by 0.8% in the 2nd 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 last quarter. Cypress Capital Group purchased a new position in Ulta Beauty in the 2nd quarter valued at $218,000. Finally, QCM Cayman Ltd. purchased a new position in Ulta Beauty in the 2nd quarter valued at $248,000. 88.69% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on ULTA. Wells Fargo & Co set a $297.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Thursday. Vetr upgraded shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. Buckingham Research upgraded shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a research report on Tuesday, December 19th. They noted that the move was a valuation call. Oppenheimer reiterated a “hold” rating on shares of Ulta Beauty in a research report on Thursday, December 7th. Finally, Jefferies Group reiterated a “positive” rating and issued a $221.64 price objective (down from $300.00) on shares of Ulta Beauty in a research report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $261.05.
In related news, Director Charles Heilbronn bought 127,889 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were bought at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 5.20% of the stock is currently owned by insiders.
Shares of Ulta Beauty Inc (NASDAQ:ULTA) traded down $2.47 during midday trading on Thursday, hitting $230.45. 517,500 shares of the company’s stock traded hands, compared to its average volume of 1,259,529. The stock has a market cap of $14,190.00, a price-to-earnings ratio of 29.47, a P/E/G ratio of 1.45 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.
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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.
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