Ulta Beauty Inc. (ULTA) Shares Bought by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. raised its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,756 shares of the specialty retailer’s stock after buying an additional 547 shares during the quarter. Chevy Chase Trust Holdings Inc. owned about 0.08% of Ulta Beauty worth $11,700,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. QS Investors LLC lifted its holdings in shares of 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 during the last quarter. Cadence Capital Management LLC lifted its holdings in shares of Ulta Beauty by 0.3% during the second quarter. Cadence Capital Management LLC now owns 12,849 shares of the specialty retailer’s stock worth $3,692,000 after buying an additional 34 shares during the last quarter. Ashford Capital Management Inc. lifted its holdings in shares of Ulta Beauty by 2.2% during the second quarter. Ashford Capital Management Inc. now owns 2,428 shares of the specialty retailer’s stock worth $698,000 after buying an additional 53 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Ulta Beauty by 0.7% during the second quarter. Cubist Systematic Strategies LLC now owns 7,977 shares of the specialty retailer’s stock worth $2,292,000 after buying an additional 56 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its holdings in shares of Ulta Beauty by 7.7% during the second quarter. Great Lakes Advisors LLC now owns 1,100 shares of the specialty retailer’s stock worth $316,000 after buying an additional 79 shares during the last quarter. Institutional investors own 89.09% of the company’s stock.

In related news, Director Charles Heilbronn purchased 127,889 shares of the stock in a transaction on Friday, October 13th. The shares were purchased at an average cost 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 is available through the SEC website. Corporate insiders own 5.20% of the company’s stock.

ULTA has been the subject of a number of research analyst reports. Cleveland Research lowered Ulta Beauty from a “buy” rating to a “neutral” rating and upped their price target for the stock from $189.50 to $314.00 in a report on Thursday, October 12th. Goldman Sachs Group lowered Ulta Beauty from a “conviction-buy” rating to a “buy” rating and cut their price target for the stock from $290.00 to $267.00 in a report on Monday, October 16th. Cowen set a $336.00 target price on Ulta Beauty and gave the company a “buy” rating in a research note on Friday, October 20th. Robert W. Baird set a $265.00 target price on Ulta Beauty and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, Zacks Investment Research upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ulta Beauty currently has a consensus rating of “Hold” and a consensus target price of $257.39.

Shares of Ulta Beauty Inc. (ULTA) opened at $215.03 on Thursday. Ulta Beauty Inc. has a 1 year low of $187.96 and a 1 year high of $314.86. The firm has a market capitalization of $13,120.00, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 1.34 and a beta of 0.55.

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Ulta Beauty 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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