Ulta Beauty Inc (ULTA) Stake Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in Ulta Beauty Inc (NASDAQ:ULTA) by 17.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,386 shares of the specialty retailer’s stock after acquiring an additional 6,115 shares during the period. Hsbc Holdings PLC’s holdings in Ulta Beauty were worth $11,676,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ULTA. Cornerstone Wealth Management LLC bought a new position in Ulta Beauty during the second quarter worth $247,000. Acadian Asset Management LLC bought a new position in Ulta Beauty during the second quarter worth $286,000. Piedmont Investment Advisors LLC bought a new position in Ulta Beauty during the second quarter worth $151,000. Dupont Capital Management Corp bought a new stake in shares of Ulta Beauty in the second quarter valued at about $162,000. Finally, Aperio Group LLC boosted its position in shares of Ulta Beauty by 37.2% in the second quarter. Aperio Group LLC now owns 28,857 shares of the specialty retailer’s stock valued at $6,737,000 after acquiring an additional 7,826 shares during the period. 89.10% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on ULTA shares. BidaskClub raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. UBS Group boosted their target price on shares of Ulta Beauty from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, September 7th. Wells Fargo & Co set a $278.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Monday, August 20th. Piper Jaffray Companies set a $270.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Tuesday, August 28th. Finally, ValuEngine raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $284.48.

In related news, Director Dennis K. Eck sold 31,278 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $285.88, for a total value of $8,941,754.64. Following the completion of the transaction, the director now owns 334,778 shares of the company’s stock, valued at $95,706,334.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dennis K. Eck sold 35,000 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total value of $10,050,250.00. Following the completion of the transaction, the director now directly owns 361,294 shares of the company’s stock, valued at approximately $103,745,572.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,407 shares of company stock valued at $19,580,698. 5.60% of the stock is owned by insiders.

ULTA stock opened at $306.49 on Tuesday. The stock has a market capitalization of $17.80 billion, a P/E ratio of 37.56, a P/E/G ratio of 1.49 and a beta of 0.63. Ulta Beauty Inc has a 52 week low of $191.70 and a 52 week high of $322.49.

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About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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