Cubist Systematic Strategies LLC lessened its position in Ulta Beauty Inc (NASDAQ:ULTA) by 60.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,137 shares of the specialty retailer’s stock after selling 4,840 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Ulta Beauty were worth $709,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its position in Ulta Beauty by 12.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 5,261 shares of the specialty retailer’s stock worth $1,512,000 after buying an additional 587 shares in the last quarter. BB&T Securities LLC purchased a new stake in Ulta Beauty in the 2nd quarter worth approximately $308,000. Aviva PLC lifted its position in Ulta Beauty by 0.7% in the 2nd quarter. Aviva PLC now owns 37,595 shares of the specialty retailer’s stock worth $10,804,000 after buying an additional 260 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in Ulta Beauty by 21.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,157 shares of the specialty retailer’s stock worth $620,000 after buying an additional 380 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its position in Ulta Beauty by 7.7% in the 2nd quarter. Great Lakes Advisors LLC now owns 1,100 shares of the specialty retailer’s stock worth $316,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 88.69% of the company’s stock.

Ulta Beauty Inc (NASDAQ ULTA) opened at $226.27 on Friday. Ulta Beauty Inc has a 12 month low of $187.96 and a 12 month high of $314.86. The stock has a market cap of $13,941.03, a price-to-earnings ratio of 28.93, a P/E/G ratio of 1.41 and a beta of 0.55.

A number of equities research analysts have issued reports on ULTA shares. Royal Bank of Canada set a $250.00 target price on shares of Ulta Beauty and gave the stock a “hold” rating in a research report on Saturday, August 26th. Morgan Stanley cut their target price on shares of Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating for the company in a research report on Monday, August 28th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $260.00 target price (down previously from $330.00) on shares of Ulta Beauty in a research report on Tuesday, September 5th. Wolfe Research reiterated an “outperform” rating on shares of Ulta Beauty in a research report on Friday, September 22nd. Finally, Robert W. Baird set a $295.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $257.39.

In other news, Director Charles Heilbronn bought 127,889 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.20% of the company’s stock.

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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.

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

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