Stifel Financial Corp Sells 8,040 Shares of Ulta Beauty Inc (NASDAQ:ULTA)

Stifel Financial Corp cut its stake in Ulta Beauty Inc (NASDAQ:ULTA) by 38.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,611 shares of the specialty retailer’s stock after selling 8,040 shares during the period. Stifel Financial Corp’s holdings in Ulta Beauty were worth $2,856,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ULTA. Sun Life Financial INC boosted its position in shares of Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after acquiring an additional 419 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Ulta Beauty during the second quarter valued at 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 valued at $210,000 after buying an additional 6 shares in the last quarter. Cypress Capital Group acquired a new position in Ulta Beauty during the second quarter valued at approximately $218,000. Finally, QCM Cayman Ltd. acquired a new position in Ulta Beauty during the second quarter valued at approximately $248,000. 88.69% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Inc (NASDAQ ULTA) traded up $2.70 on Thursday, hitting $233.15. 700,300 shares of the stock were exchanged, compared to its average volume of 1,530,000. The stock has a market capitalization of $14,220.00, a price-to-earnings ratio of 29.81, a P/E/G ratio of 1.45 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.

A number of research analysts have weighed in on ULTA shares. Cowen set a $336.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Friday, October 20th. Loop Capital set a $300.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Sunday, December 3rd. Buckingham Research raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $225.00 price target on the stock in a research report on Tuesday, December 19th. They noted that the move was a valuation call. Cleveland Research cut shares of Ulta Beauty from a “buy” rating to a “neutral” rating and lifted their price target for the company from $189.50 to $314.00 in a research report on Thursday, October 12th. Finally, Wells Fargo & Co set a $297.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Ulta Beauty presently has a consensus rating of “Buy” and an average target price of $261.05.

In other news, Director Charles Heilbronn acquired 127,889 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.20% of the company’s stock.

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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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