Grantham Mayo Van Otterloo & Co. LLC Makes New Investment in Ulta Beauty Inc. $ULTA

Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,314 shares of the specialty retailer’s stock, valued at approximately $615,000.

A number of other hedge funds have also recently modified their holdings of ULTA. Quadrant Capital Group LLC lifted its position in Ulta Beauty by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 1,165 shares of the specialty retailer’s stock valued at $545,000 after acquiring an additional 21 shares during the last quarter. ORG Partners LLC grew its holdings in shares of Ulta Beauty by 17.7% during the second quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 23 shares during the last quarter. Chesley Taft & Associates LLC increased its position in shares of Ulta Beauty by 3.0% during the second quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer’s stock worth $390,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management lifted its holdings in shares of Ulta Beauty by 6.8% in the 2nd quarter. OFI Invest Asset Management now owns 375 shares of the specialty retailer’s stock valued at $175,000 after purchasing an additional 24 shares during the last quarter. Finally, Richard W. Paul & Associates LLC boosted its position in shares of Ulta Beauty by 0.8% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 2,990 shares of the specialty retailer’s stock valued at $1,399,000 after purchasing an additional 24 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of research reports. Barclays raised their price target on Ulta Beauty from $589.00 to $617.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Cowen restated a “hold” rating on shares of Ulta Beauty in a research report on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, October 8th. Robert W. Baird increased their price target on shares of Ulta Beauty from $575.00 to $600.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, DA Davidson set a $606.00 price objective on shares of Ulta Beauty in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $549.83.

Insider Buying and Selling

In other news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the sale, the director directly owned 2,263 shares of the company’s stock, valued at $1,195,837.09. This trade represents a 18.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is currently owned by insiders.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $547.64 on Tuesday. The firm has a market cap of $24.56 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 3.57 and a beta of 0.87. The firm’s fifty day moving average price is $530.92 and its 200 day moving average price is $503.19. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $572.23.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.