Cetera Advisor Networks LLC increased its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 44.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,193 shares of the specialty retailer’s stock after buying an additional 365 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Ulta Beauty were worth $271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN grew its stake in shares of Ulta Beauty by 137.3% in the second quarter. Wells Fargo & Company MN now owns 1,053,780 shares of the specialty retailer’s stock worth $302,792,000 after purchasing an additional 609,671 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Ulta Beauty by 58.3% in the third quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock worth $314,378,000 after purchasing an additional 512,315 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt bought a new position in shares of Ulta Beauty in the third quarter worth $83,642,000. Old Mutual Global Investors UK Ltd. grew its stake in shares of Ulta Beauty by 173.8% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 527,993 shares of the specialty retailer’s stock worth $119,358,000 after purchasing an additional 335,148 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Ulta Beauty by 605.4% in the second quarter. Renaissance Technologies LLC now owns 389,400 shares of the specialty retailer’s stock worth $111,890,000 after purchasing an additional 334,198 shares in the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

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

Several research analysts have recently issued reports on the company. Oppenheimer reissued a “hold” rating on shares of Ulta Beauty in a research note on Thursday, December 7th. Piper Jaffray Companies reissued a “buy” rating and issued a $260.00 price target on shares of Ulta Beauty in a research note on Sunday, October 1st. Robert W. Baird set a $295.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research note on Sunday, October 1st. Jefferies Group reissued a “positive” rating and issued a $221.64 price target (down previously from $300.00) on shares of Ulta Beauty in a research note on Tuesday, December 5th. Finally, BMO Capital Markets set a $225.00 price target on Ulta Beauty and gave the stock a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $257.39.

Shares of Ulta Beauty Inc. (NASDAQ:ULTA) opened at $218.25 on Friday. The firm has a market capitalization of $13,310.00, a price-to-earnings ratio of 28.00, a PEG ratio of 1.33 and a beta of 0.55. Ulta Beauty Inc. has a twelve month low of $187.96 and a twelve month high of $314.86.

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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.

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

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