Independence Bank of Kentucky decreased its position in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 13.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,493 shares of the specialty retailer’s stock after selling 225 shares during the quarter. Independence Bank of Kentucky’s holdings in Ulta Beauty were worth $581,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. TD Asset Management Inc lifted its holdings in shares of Ulta Beauty by 14.1% during the second quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after buying an additional 76,721 shares during the last quarter. Boston Partners raised its stake in Ulta Beauty by 47.7% during the 1st quarter. Boston Partners now owns 476,027 shares of the specialty retailer’s stock valued at $246,862,000 after purchasing an additional 153,727 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ulta Beauty by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 422,801 shares of the specialty retailer’s stock valued at $163,149,000 after purchasing an additional 24,822 shares during the period. Bessemer Group Inc. boosted its holdings in Ulta Beauty by 1.2% in the 1st quarter. Bessemer Group Inc. now owns 357,503 shares of the specialty retailer’s stock valued at $186,933,000 after purchasing an additional 4,344 shares during the period. Finally, Epoch Investment Partners Inc. grew its position in Ulta Beauty by 26.4% in the 2nd quarter. Epoch Investment Partners Inc. now owns 356,128 shares of the specialty retailer’s stock worth $137,419,000 after purchasing an additional 74,319 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.
Ulta Beauty Stock Performance
Shares of Ulta Beauty stock opened at $370.58 on Friday. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The business’s 50 day simple moving average is $369.35 and its 200 day simple moving average is $392.53. The firm has a market cap of $17.68 billion, a PE ratio of 14.45, a P/E/G ratio of 2.05 and a beta of 1.32.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on ULTA. Stifel Nicolaus cut their price objective on shares of Ulta Beauty from $475.00 to $385.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Evercore ISI reduced their price objective on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. Bank of America cut their target price on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Canaccord Genuity Group decreased their price target on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Finally, Barclays boosted their price target on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and an average target price of $424.08.
View Our Latest Research Report on Ulta Beauty
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.
Further Reading
- Five stocks we like better than Ulta Beauty
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- 3 Micro-Caps Set for Major Moves: Balancing Risk and Opportunity
- Using the MarketBeat Stock Split Calculator
- Autodesk Named a “Top Pick” by Morgan Stanley—Is It Time to Buy?
- What is a Dividend King?
- 4 Quirky ETFs With Big Potential for Impressive Gains
Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.