Ulta Beauty Inc. (ULTA) Stake Raised by Synovus Financial Corp

Synovus Financial Corp lifted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 216.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,819 shares of the specialty retailer’s stock after purchasing an additional 3,982 shares during the period. Synovus Financial Corp’s holdings in Ulta Beauty were worth $1,311,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Ulta Beauty by 3.1% in the second quarter. Vanguard Group Inc. now owns 5,738,059 shares of the specialty retailer’s stock valued at $1,648,774,000 after acquiring an additional 173,627 shares during the last quarter. BlackRock Inc. lifted its position in Ulta Beauty by 6.2% in the second quarter. BlackRock Inc. now owns 4,255,942 shares of the specialty retailer’s stock valued at $1,222,902,000 after acquiring an additional 247,992 shares during the last quarter. Jennison Associates LLC lifted its position in Ulta Beauty by 9.1% in the second quarter. Jennison Associates LLC now owns 2,468,332 shares of the specialty retailer’s stock valued at $709,251,000 after acquiring an additional 205,289 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Ulta Beauty by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 2,180,557 shares of the specialty retailer’s stock valued at $626,560,000 after acquiring an additional 83,081 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Ulta Beauty by 58.3% in the third quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock valued at $314,378,000 after acquiring an additional 512,315 shares during the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

In other Ulta Beauty news, Director Charles Heilbronn purchased 127,889 shares of Ulta Beauty stock in a transaction on Friday, October 13th. The shares were bought at an average price of $195.21 per share, with a total value of $24,965,211.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is owned by corporate insiders.

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company set a $220.00 price target on shares of Ulta Beauty and gave the company a “hold” rating in a research report on Friday, December 1st. KeyCorp set a $270.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Sunday. BMO Capital Markets set a $225.00 price objective on shares of Ulta Beauty and gave the company a “hold” rating in a research note on Friday, December 1st. Jefferies Group restated a “positive” rating and issued a $221.64 price objective (down from $300.00) on shares of Ulta Beauty in a research note on Tuesday. Finally, Stifel Nicolaus set a $230.00 price objective on shares of Ulta Beauty and gave the company a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ulta Beauty has a consensus rating of “Hold” and an average target price of $257.39.

Shares of Ulta Beauty Inc. (NASDAQ ULTA) opened at $223.14 on Thursday. 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 $13,640.00, a PE ratio of 28.86, a P/E/G ratio of 1.37 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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