First Midwest Bank Trust Division trimmed its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 85.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 892 shares of the specialty retailer’s stock after selling 5,368 shares during the period. First Midwest Bank Trust Division’s holdings in Ulta Beauty were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Nationwide Fund Advisors raised its stake in shares of Ulta Beauty by 16.5% during the 3rd quarter. Nationwide Fund Advisors now owns 33,913 shares of the specialty retailer’s stock worth $7,666,000 after buying an additional 4,800 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Ulta Beauty by 4.3% during the 3rd quarter. APG Asset Management N.V. now owns 87,298 shares of the specialty retailer’s stock worth $19,735,000 after buying an additional 3,600 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Ulta Beauty by 17.6% during the 3rd 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. OLD Second National Bank of Aurora raised its stake in shares of Ulta Beauty by 81.2% during the 3rd quarter. OLD Second National Bank of Aurora now owns 10,084 shares of the specialty retailer’s stock worth $2,280,000 after buying an additional 4,518 shares in the last quarter. Finally, Wendell David Associates Inc. raised its stake in shares of Ulta Beauty by 156.8% during the 3rd quarter. Wendell David Associates Inc. now owns 3,315 shares of the specialty retailer’s stock worth $749,000 after buying an additional 2,024 shares in the last quarter. 87.37% of the stock is owned by institutional investors and hedge funds.

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In other news, Director Charles Heilbronn bought 127,889 shares of the business’s stock in a transaction on Friday, October 13th. The stock was purchased at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael R. Macdonald bought 2,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average price of $208.37 per share, with a total value of $416,740.00. Following the completion of the transaction, the director now directly owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The disclosure for this purchase can be found here. Corporate insiders own 5.20% of the company’s stock.

A number of equities analysts have recently issued reports on the company. BMO Capital Markets reissued a “hold” rating and set a $235.00 target price on shares of Ulta Beauty in a research note on Thursday. Royal Bank Of Canada set a $250.00 target price on Ulta Beauty and gave the stock a “hold” rating in a research note on Monday. Robert W. Baird set a $265.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, October 23rd. Cowen and Company set a $336.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research note on Friday, October 20th. Finally, Piper Jaffray Companies downgraded Ulta Beauty from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. Ulta Beauty presently has an average rating of “Hold” and an average target price of $274.11.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 earnings per share.

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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