1,686 Shares in Ulta Beauty Inc. (ULTA) Purchased by IFM Investors Pty Ltd
IFM Investors Pty Ltd purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,686 shares of the specialty retailer’s stock, valued at approximately $381,000.
A number of other institutional investors and hedge funds have also bought and sold shares of ULTA. Sun Life Financial INC increased its position in Ulta Beauty by 4,655.6% during the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after buying an additional 419 shares during the period. Lazard Asset Management LLC bought a new position in Ulta Beauty during the 2nd quarter worth $157,000. QS Investors LLC increased its position in Ulta Beauty by 0.8% during the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after buying an additional 6 shares during the period. Cypress Capital Group bought a new position in Ulta Beauty during the 2nd quarter worth $218,000. Finally, QCM Cayman Ltd. bought a new position in Ulta Beauty during the 2nd quarter worth $248,000. Institutional investors and hedge funds own 89.09% of the company’s stock.
ULTA has been the topic of several recent research reports. Cowen set a $336.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, August 25th. KeyCorp reiterated a “buy” rating and set a $300.00 price objective (down previously from $330.00) on shares of Ulta Beauty in a research report on Friday, August 25th. Jefferies Group set a $300.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Robert W. Baird set a $335.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $330.00 price objective on shares of Ulta Beauty in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $257.39.
In other Ulta Beauty news, Director Charles Heilbronn acquired 127,889 shares of Ulta Beauty stock in a transaction that occurred on 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.
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