Eagle Asset Management Inc. Decreases Stake in Ulta Beauty Inc. (ULTA)

Eagle Asset Management Inc. lessened its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 93.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,986 shares of the specialty retailer’s stock after selling 109,695 shares during the quarter. Eagle Asset Management Inc.’s holdings in Ulta Beauty were worth $1,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sun Life Financial INC lifted its position in Ulta Beauty by 4,655.6% during the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after buying an additional 419 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Ulta Beauty during the second quarter worth approximately $157,000. QS Investors LLC lifted its position in Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after buying an additional 6 shares in the last quarter. Cypress Capital Group purchased a new position in Ulta Beauty during the second quarter worth approximately $218,000. Finally, QCM Cayman Ltd. purchased a new position in Ulta Beauty during the second quarter worth approximately $248,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

In other Ulta Beauty news, Director Charles Heilbronn bought 127,889 shares of Ulta Beauty stock in a transaction on Friday, October 13th. The shares were bought at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is owned by insiders.

Shares of Ulta Beauty Inc. (NASDAQ ULTA) opened at $223.97 on Wednesday. Ulta Beauty Inc. has a 1 year low of $187.96 and a 1 year high of $314.86. The company has a market capitalization of $13,520.00, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.31 and a beta of 0.55.

A number of equities analysts recently commented on the company. Jefferies Group set a $350.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, August 14th. Oppenheimer downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $330.00 to $270.00 in a research report on Tuesday, August 8th. Zacks Investment Research downgraded Ulta Beauty from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. 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. Finally, OTR Global downgraded Ulta Beauty to a “positive” rating in a research report on Monday, August 21st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $257.39.

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

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