AMP Capital Investors Ltd trimmed its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 39.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,404 shares of the specialty retailer’s stock after selling 11,204 shares during the quarter. AMP Capital Investors Ltd’s holdings in Ulta Beauty were worth $3,935,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Advantage Investment Management LLC boosted its holdings in shares of Ulta Beauty by 224.6% in the third quarter. Advantage Investment Management LLC now owns 1,639 shares of the specialty retailer’s stock worth $371,000 after buying an additional 1,134 shares during the period. HS Management Partners LLC acquired a new stake in shares of Ulta Beauty during the third quarter worth approximately $51,206,000. Synovus Financial Corp boosted its holdings in shares of Ulta Beauty by 216.8% during the third quarter. Synovus Financial Corp now owns 5,819 shares of the specialty retailer’s stock worth $1,311,000 after purchasing an additional 3,982 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD. acquired a new stake in shares of Ulta Beauty during the third quarter worth approximately $2,003,000. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Ulta Beauty by 240.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 11,622 shares of the specialty retailer’s stock worth $2,627,000 after purchasing an additional 8,205 shares during the period. Institutional investors own 89.09% of the company’s stock.

In other news, Director Charles Heilbronn purchased 127,889 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were bought at an average price of $195.21 per share, with a total value of $24,965,211.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.20% of the company’s stock.

Several research firms recently commented on ULTA. Piper Jaffray Companies restated an “overweight” rating and set a $260.00 price target (down from $330.00) on shares of Ulta Beauty in a report on Tuesday, September 5th. Robert W. Baird restated an “outperform” rating and set a $295.00 price target (down from $335.00) on shares of Ulta Beauty in a report on Friday, August 25th. They noted that the move was a valuation call. Jefferies Group restated a “positive” rating and set a $221.64 price target (down from $300.00) on shares of Ulta Beauty in a report on Tuesday, December 5th. Royal Bank of Canada set a $225.00 price target on shares of Ulta Beauty and gave the stock a “hold” rating in a report on Friday, December 1st. Finally, Oppenheimer restated a “hold” rating on shares of Ulta Beauty in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $257.39.

Ulta Beauty Inc. (NASDAQ:ULTA) opened at $218.25 on Friday. Ulta Beauty Inc. has a 52-week low of $187.96 and a 52-week high of $314.86. The company has a market cap of $13,380.00, a P/E ratio of 28.28, a PEG ratio of 1.34 and a beta of 0.55.

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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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