Alps Advisors Inc. cut its stake in Ulta Beauty Inc (NASDAQ:ULTA) by 20.7% in the 4th quarter, HoldingsChannel reports. The firm owned 2,073 shares of the specialty retailer’s stock after selling 540 shares during the quarter. Alps Advisors Inc.’s holdings in Ulta Beauty were worth $464,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Comerica Bank grew its position in Ulta Beauty by 37.0% during the third quarter. Comerica Bank now owns 39,592 shares of the specialty retailer’s stock worth $7,986,000 after buying an additional 10,690 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in Ulta Beauty by 31.3% during the third quarter. Parametric Portfolio Associates LLC now owns 198,278 shares of the specialty retailer’s stock worth $44,823,000 after buying an additional 47,253 shares in the last quarter. First Manhattan Co. purchased a new position in Ulta Beauty during the fourth quarter worth about $62,331,000. First American Trust FSB purchased a new position in Ulta Beauty during the fourth quarter worth about $2,869,000. Finally, LS Investment Advisors LLC grew its position in Ulta Beauty by 17.6% during the third quarter. LS Investment Advisors LLC now owns 2,706 shares of the specialty retailer’s stock worth $612,000 after buying an additional 405 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.
Shares of Ulta Beauty Inc (NASDAQ:ULTA) opened at $209.48 on Tuesday. Ulta Beauty Inc has a 52 week low of $187.96 and a 52 week high of $314.86. The stock has a market capitalization of $12,780.00, a PE ratio of 26.79, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54.
ULTA has been the subject of several recent analyst reports. Robert W. Baird set a $265.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, October 23rd. KeyCorp set a $270.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, November 27th. BMO Capital Markets restated a “hold” rating and set a $235.00 target price on shares of Ulta Beauty in a research report on Thursday, November 2nd. Buckingham Research upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and set a $225.00 target price for the company in a research report on Tuesday, December 19th. They noted that the move was a valuation call. Finally, Loop Capital set a $300.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, November 27th. Eleven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $262.91.
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About Ulta Beauty
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.
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