Ulta Beauty Inc. (ULTA) Position Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 31.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 17,722 shares of the specialty retailer’s stock after purchasing an additional 4,217 shares during the period. Janney Montgomery Scott LLC’s holdings in Ulta Beauty were worth $4,006,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Sun Life Financial INC lifted its stake in Ulta Beauty by 4,655.6% in the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 419 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Ulta Beauty in the 2nd quarter valued at about $157,000. QS Investors LLC raised its holdings in Ulta Beauty by 0.8% in the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after acquiring an additional 6 shares during the period. Cypress Capital Group bought a new position in Ulta Beauty in the 2nd quarter valued at about $218,000. Finally, QCM Cayman Ltd. bought a new position in Ulta Beauty in the 2nd quarter valued at about $248,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

In other Ulta Beauty news, Director Charles Heilbronn bought 127,889 shares of the stock in a transaction dated Friday, October 13th. The shares were bought at an average cost of $195.21 per share, with a total value of $24,965,211.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.20% of the stock is currently owned by company insiders.

Several research firms have weighed in on ULTA. Piper Jaffray Companies reissued an “overweight” rating and issued a $260.00 price target (down from $330.00) on shares of Ulta Beauty in a report on Tuesday, September 5th. Robert W. Baird reissued an “outperform” rating and issued a $295.00 price target (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. Jefferies Group reissued a “positive” rating and issued a $221.64 price target (down from $300.00) on shares of Ulta Beauty in a report on Tuesday, December 5th. Royal Bank of Canada set a $225.00 price target on shares of Ulta Beauty and gave the company a “hold” rating in a report on Friday, December 1st. Finally, Oppenheimer reissued a “hold” rating on shares of Ulta Beauty in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $257.39.

Ulta Beauty Inc. (NASDAQ ULTA) opened at $217.17 on Friday. Ulta Beauty Inc. has a fifty-two week low of $187.96 and a fifty-two week high of $314.86. The company has a market cap of $13,105.44, a P/E ratio of 27.98, a PEG ratio of 1.33 and a beta of 0.55.

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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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