Tocqueville Asset Management L.P. Invests $347,000 in Ulta Beauty Inc (ULTA) Stock
Tocqueville Asset Management L.P. bought a new stake in Ulta Beauty Inc (NASDAQ:ULTA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,550 shares of the specialty retailer’s stock, valued at approximately $347,000.
Other hedge funds also recently made changes to their positions in the company. Comerica Bank boosted its holdings in Ulta Beauty by 37.0% in the third 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 during the last quarter. First Manhattan Co. bought a new position in shares of Ulta Beauty during the 4th quarter worth approximately $62,331,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Ulta Beauty by 31.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 198,278 shares of the specialty retailer’s stock worth $44,823,000 after buying an additional 47,253 shares in the last quarter. First American Trust FSB bought a new position in shares of Ulta Beauty during the 4th quarter worth approximately $2,869,000. Finally, Alps Advisors Inc. boosted its holdings in shares of Ulta Beauty by 34.8% during the 3rd quarter. Alps Advisors Inc. now owns 2,613 shares of the specialty retailer’s stock worth $591,000 after buying an additional 674 shares in the last quarter. Institutional investors and hedge funds own 91.96% of the company’s stock.
A number of equities analysts have issued reports on ULTA shares. Buckingham Research restated a “buy” rating on shares of Ulta Beauty in a report on Tuesday, January 23rd. Zacks Investment Research cut Ulta Beauty from a “buy” rating to a “hold” rating in a report on Tuesday. Loop Capital set a $300.00 price target on Ulta Beauty and gave the stock a “buy” rating in a report on Sunday, December 3rd. Wells Fargo & Co set a $297.00 price target on Ulta Beauty and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, BidaskClub cut Ulta Beauty from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $260.15.
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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