New York State Common Retirement Fund trimmed its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,100 shares of the specialty retailer’s stock after selling 3,525 shares during the quarter. New York State Common Retirement Fund owned about 0.22% of Ulta Beauty worth $29,863,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Sun Life Financial INC boosted its position in Ulta Beauty by 4,655.6% during the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 419 shares during the period. Lazard Asset Management LLC bought a new position in Ulta Beauty during the second quarter worth $157,000. QS Investors LLC boosted its position in Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 6 shares during the period. Cypress Capital Group bought a new position in Ulta Beauty during the second quarter worth $218,000. Finally, QCM Cayman Ltd. bought a new stake in shares of Ulta Beauty in the second quarter valued at about $248,000. 88.45% of the stock is owned by hedge funds and other institutional investors.

ULTA has been the subject of a number of recent research reports. Loop Capital reissued a “buy” rating and issued a $300.00 target price (down previously from $350.00) on shares of Ulta Beauty in a research report on Friday, August 25th. They noted that the move was a valuation call. Cowen set a $336.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Friday, August 25th. Jefferies Group set a $300.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Robert W. Baird set a $335.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $330.00 target price on shares of Ulta Beauty in a research report on Monday, August 21st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Ulta Beauty currently has a consensus rating of “Hold” and a consensus target price of $257.39.

In related news, Director Charles Heilbronn purchased 127,889 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was acquired at an average price of $195.21 per share, with a total value of $24,965,211.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is owned by insiders.

Ulta Beauty Inc. (NASDAQ ULTA) opened at $224.54 on Friday. The company has a market capitalization of $13,515.30, a PE ratio of 28.85, a P/E/G ratio of 1.37 and a beta of 0.55. Ulta Beauty Inc. has a 52 week low of $187.96 and a 52 week high of $314.86.

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

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