Boston Private Wealth LLC lowered its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 52.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,038 shares of the specialty retailer’s stock after selling 5,574 shares during the period. Boston Private Wealth LLC’s holdings in Ulta Beauty were worth $1,139,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Comerica Bank raised its stake in Ulta Beauty by 37.0% during the 3rd quarter. Comerica Bank now owns 39,592 shares of the specialty retailer’s stock valued at $7,986,000 after acquiring an additional 10,690 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Ulta Beauty during the 2nd quarter valued at $552,000. CIBC World Markets Inc. raised its stake in Ulta Beauty by 63.0% during the 2nd quarter. CIBC World Markets Inc. now owns 9,994 shares of the specialty retailer’s stock valued at $2,872,000 after acquiring an additional 3,861 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Ulta Beauty by 38.1% during the 2nd quarter. Eagle Asset Management Inc. now owns 117,681 shares of the specialty retailer’s stock valued at $33,814,000 after acquiring an additional 32,455 shares in the last quarter. Finally, Alps Advisors Inc. raised its stake in Ulta Beauty by 34.8% during the 3rd quarter. Alps Advisors Inc. now owns 2,613 shares of the specialty retailer’s stock valued at $591,000 after acquiring an additional 674 shares in the last quarter. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ulta Beauty Inc. (ULTA) opened at $212.58 on Friday. The company has a market capitalization of $13,522.62, a price-to-earnings ratio of 28.87, a PEG ratio of 1.37 and a beta of 0.55. Ulta Beauty Inc. has a 12 month low of $187.96 and a 12 month high of $314.86.

Several analysts have weighed in on ULTA shares. Robert W. Baird set a $265.00 target price on Ulta Beauty and gave the company a “buy” rating in a research note on Monday, October 23rd. Jefferies Group set a $350.00 target price on Ulta Beauty and gave the company a “buy” rating in a research note on Monday, August 14th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $330.00 target price on shares of Ulta Beauty in a research note on Monday, August 21st. Stifel Nicolaus cut their target price on Ulta Beauty from $325.00 to $270.00 and set a “hold” rating on the stock in a research note on Monday, August 21st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $235.00 price objective on shares of Ulta Beauty in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $261.18.

In related news, Director Charles Heilbronn bought 127,889 shares of the firm’s 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.20% of the company’s stock.

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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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