BB&T Securities LLC lifted its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 83.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,963 shares of the specialty retailer’s stock after purchasing an additional 891 shares during the quarter. BB&T Securities LLC’s holdings in Ulta Beauty were worth $443,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Edgewood Management LLC increased its holdings in shares of Ulta Beauty by 65.9% in the third quarter. Edgewood Management LLC now owns 3,068 shares of the specialty retailer’s stock worth $694,000 after purchasing an additional 1,219 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Ulta Beauty by 6.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 189,765 shares of the specialty retailer’s stock worth $42,899,000 after acquiring an additional 12,198 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Ulta Beauty in the third quarter worth about $260,000. Sandia Holdings LLC purchased a new position in Ulta Beauty in the third quarter worth about $5,355,000. Finally, Twin Capital Management Inc. grew its position in Ulta Beauty by 14.3% in the third quarter. Twin Capital Management Inc. now owns 26,860 shares of the specialty retailer’s stock worth $6,072,000 after acquiring an additional 3,370 shares in the last quarter. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

ULTA has been the subject of several recent analyst reports. Jefferies Group set a $300.00 target price on Ulta Beauty and gave the company a “buy” rating in a research report on Wednesday, August 23rd. KeyCorp restated a “buy” rating and set a $270.00 target price (down previously from $300.00) on shares of Ulta Beauty in a research report on Tuesday, October 3rd. Robert W. Baird restated an “outperform” rating and set a $295.00 target price (down previously from $335.00) on shares of Ulta Beauty in a research report on Friday, August 25th. They noted that the move was a valuation call. Vetr upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating and set a $254.50 target price for the company in a research report on Friday, December 1st. Finally, Morgan Stanley set a $235.00 target price on Ulta Beauty and gave the company a “hold” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $257.39.

Ulta Beauty Inc. (NASDAQ:ULTA) opened at $224.54 on Monday. The company has a market cap of $13,695.23, a P/E ratio of 29.24, a P/E/G ratio of 1.39 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.

In other Ulta Beauty news, Director Charles Heilbronn purchased 127,889 shares of Ulta Beauty stock in a transaction dated Friday, October 13th. The shares were acquired at an average cost of $195.21 per share, with a total value of $24,965,211.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.20% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/11/bbt-securities-llc-raises-stake-in-ulta-beauty-inc-ulta.html.

Ulta Beauty 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)

Receive News & Stock Ratings for Ulta Beauty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty Inc. and related stocks with our FREE daily email newsletter.