BlueMountain Capital Management LLC purchased a new position in shares of Ulta Beauty Inc (NASDAQ:ULTA) during the second quarter, HoldingsChannel.com reports. The fund purchased 946 shares of the specialty retailer’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank raised its position in shares of Ulta Beauty by 120.0% during the second quarter. Huntington National Bank now owns 440 shares of the specialty retailer’s stock worth $103,000 after purchasing an additional 240 shares during the period. Altman Advisors Inc. raised its position in shares of Ulta Beauty by 315.5% during the second quarter. Altman Advisors Inc. now owns 32,854 shares of the specialty retailer’s stock worth $142,000 after purchasing an additional 24,947 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Ulta Beauty during the second quarter worth about $151,000. Dupont Capital Management Corp acquired a new stake in shares of Ulta Beauty during the second quarter worth about $162,000. Finally, Capital One National Association acquired a new stake in shares of Ulta Beauty during the second quarter worth about $205,000. 90.65% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently commented on ULTA shares. BidaskClub raised Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Zacks Investment Research lowered Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. Buckingham Research lifted their target price on Ulta Beauty from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, May 30th. ValuEngine raised Ulta Beauty from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 10th. Finally, UBS Group dropped their target price on Ulta Beauty from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, August 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $267.92.

In other Ulta Beauty news, Director Catherine Ann Halligan sold 129 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $281.50, for a total transaction of $36,313.50. Following the transaction, the director now owns 3,628 shares of the company’s stock, valued at approximately $1,021,282. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis K. Eck sold 31,278 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $285.88, for a total value of $8,941,754.64. Following the transaction, the director now directly owns 334,778 shares in the company, valued at approximately $95,706,334.64. The disclosure for this sale can be found here. Insiders have sold a total of 68,407 shares of company stock worth $19,580,698 in the last ninety days. Insiders own 5.60% of the company’s stock.

NASDAQ:ULTA opened at $280.77 on Monday. The company has a market cap of $16.78 billion, a price-to-earnings ratio of 34.41, a P/E/G ratio of 1.39 and a beta of 0.73. Ulta Beauty Inc has a twelve month low of $187.96 and a twelve month high of $290.30.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.41 by $0.05. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. sell-side analysts forecast that Ulta Beauty Inc will post 10.84 earnings per share for the current fiscal year.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

Featured Story: Day Trading

Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty Inc (NASDAQ:ULTA).

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

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.