Private Advisor Group LLC Decreases Holdings in Ulta Beauty Inc. (ULTA)

Private Advisor Group LLC lessened its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 47.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,272 shares of the specialty retailer’s stock after selling 1,145 shares during the quarter. Private Advisor Group LLC’s holdings in Ulta Beauty were worth $277,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sun Life Financial INC boosted its holdings in shares of Ulta Beauty by 4,655.6% during the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after acquiring an additional 419 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Ulta Beauty during the second quarter valued at $157,000. QS Investors LLC boosted its holdings in shares of Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after acquiring an additional 6 shares during the period. Cypress Capital Group acquired a new position in shares of Ulta Beauty during the second quarter valued at $218,000. Finally, QCM Cayman Ltd. acquired a new position in shares of Ulta Beauty during the second quarter valued at $248,000. 89.09% of the stock is owned by hedge funds and other institutional investors.

Shares of Ulta Beauty Inc. (NASDAQ ULTA) opened at $215.03 on Thursday. Ulta Beauty Inc. has a one year low of $187.96 and a one year high of $314.86. The firm has a market cap of $13,120.00, a PE ratio of 28.14, a P/E/G ratio of 1.34 and a beta of 0.55.

In related news, Director Charles Heilbronn acquired 127,889 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The shares were acquired at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is owned by insiders.

Several equities analysts have recently issued reports on ULTA shares. Royal Bank of Canada reissued a “hold” rating and set a $310.00 price target on shares of Ulta Beauty in a report on Thursday, August 17th. BidaskClub raised shares of Ulta Beauty from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. 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 report on Monday, August 21st. OTR Global downgraded shares of Ulta Beauty to a “positive” rating in a report on Monday, August 21st. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $330.00 price target on shares of Ulta Beauty in a report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $257.39.

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

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