RiverPark Advisors LLC bought a new stake in Ulta Beauty Inc (NASDAQ:ULTA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,774 shares of the specialty retailer’s stock, valued at approximately $2,210,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ULTA. Comerica Bank grew its holdings in shares of Ulta Beauty by 37.0% in the third quarter. Comerica Bank now owns 39,592 shares of the specialty retailer’s stock worth $7,986,000 after acquiring an additional 10,690 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Ulta Beauty in the second quarter valued at about $552,000. CIBC World Markets Inc. lifted its position in shares of Ulta Beauty by 63.0% in the second quarter. CIBC World Markets Inc. now owns 9,994 shares of the specialty retailer’s stock valued at $2,872,000 after acquiring an additional 3,861 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of Ulta Beauty by 38.1% in the second quarter. Eagle Asset Management Inc. now owns 117,681 shares of the specialty retailer’s stock valued at $33,814,000 after acquiring an additional 32,455 shares in the last quarter. Finally, Alps Advisors Inc. lifted its position in shares of Ulta Beauty by 34.8% in the third quarter. Alps Advisors Inc. now owns 2,613 shares of the specialty retailer’s stock valued at $591,000 after acquiring an additional 674 shares in the last quarter. Institutional investors own 88.69% of the company’s stock.
In other Ulta Beauty news, Director Charles Heilbronn bought 127,889 shares of Ulta Beauty stock in a transaction dated 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.
ULTA has been the topic of a number of research analyst reports. Cleveland Research downgraded Ulta Beauty from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $189.50 to $314.00 in a research report on Thursday, October 12th. Goldman Sachs Group cut Ulta Beauty from a “conviction-buy” rating to a “buy” rating and dropped their price objective for the stock from $290.00 to $267.00 in a research note on Monday, October 16th. Buckingham Research raised Ulta Beauty from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a research note on Tuesday, December 19th. They noted that the move was a valuation call. Cowen set a $336.00 price objective on Ulta Beauty and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Robert W. Baird set a $265.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $257.39.
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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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