Axiom International Investors LLC DE Sells 14,363 Shares of Ulta Beauty Inc. (ULTA)

Axiom International Investors LLC DE trimmed its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 12.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,395 shares of the specialty retailer’s stock after selling 14,363 shares during the period. Axiom International Investors LLC DE owned approximately 0.17% of Ulta Beauty worth $22,921,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Iberiabank Corp increased its holdings in Ulta Beauty by 22.7% during the 3rd quarter. Iberiabank Corp now owns 5,581 shares of the specialty retailer’s stock worth $1,262,000 after purchasing an additional 1,032 shares in the last quarter. Zevenbergen Capital Investments LLC increased its holdings in Ulta Beauty by 2.5% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 129,555 shares of the specialty retailer’s stock worth $29,287,000 after purchasing an additional 3,127 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Ulta Beauty by 9.6% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,746 shares of the specialty retailer’s stock worth $1,073,000 after purchasing an additional 414 shares in the last quarter. Legal & General Group Plc increased its holdings in Ulta Beauty by 0.8% during the 3rd quarter. Legal & General Group Plc now owns 281,851 shares of the specialty retailer’s stock worth $63,715,000 after purchasing an additional 2,274 shares in the last quarter. Finally, Washington Capital Management Inc. increased its holdings in Ulta Beauty by 28.6% during the 3rd quarter. Washington Capital Management Inc. now owns 1,800 shares of the specialty retailer’s stock worth $407,000 after purchasing an additional 400 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on ULTA. Jefferies Group reaffirmed a “positive” rating and issued a $221.64 target price (down from $300.00) on shares of Ulta Beauty in a report on Tuesday. KeyCorp reaffirmed a “buy” rating and issued a $270.00 target price (down from $300.00) on shares of Ulta Beauty in a report on Tuesday, October 3rd. J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $270.00 target price on shares of Ulta Beauty in a report on Friday, December 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $295.00 target price (down from $335.00) on shares of Ulta Beauty in a report on Friday, August 25th. They noted that the move was a valuation call. Finally, Vetr raised Ulta Beauty from a “buy” rating to a “strong-buy” rating and set a $254.50 target price for the company in a report 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 given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $257.39.

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

Shares of Ulta Beauty Inc. (ULTA) opened at $222.65 on Wednesday. The stock has a market capitalization of $13,518.35, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 1.37 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.

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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.

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

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