Ameritas Investment Partners Inc. raised its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 313.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,141 shares of the specialty retailer’s stock after purchasing an additional 7,690 shares during the period. Ameritas Investment Partners Inc.’s holdings in Ulta Beauty were worth $2,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Ulta Beauty by 3.1% during 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 in the last quarter. BlackRock Inc. grew its stake in Ulta Beauty by 6.2% during 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 in the last quarter. Jennison Associates LLC grew its stake in Ulta Beauty by 9.1% during 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 in the last quarter. JPMorgan Chase & Co. grew its stake in Ulta Beauty by 4.0% during 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 in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Ulta Beauty by 58.3% during 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 in the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Several equities analysts recently commented on ULTA shares. Morgan Stanley reduced their price objective on shares of Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating for the company in a research note on Monday, August 28th. Cowen set a $336.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Friday, October 20th. Loop Capital set a $300.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Sunday, December 3rd. Cleveland Research cut shares of Ulta Beauty from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $189.50 to $314.00 in a research note on Thursday, October 12th. Finally, Telsey Advisory Group reduced their price objective on shares of Ulta Beauty from $360.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Ulta Beauty presently has an average rating of “Hold” and a consensus price target of $257.39.

Shares of Ulta Beauty Inc. (NASDAQ:ULTA) opened at $214.87 on Wednesday. Ulta Beauty Inc. has a 1 year low of $187.96 and a 1 year high of $314.86. The stock has a market cap of $13,182.90, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 1.34 and a beta of 0.55.

In related news, Director Charles Heilbronn bought 127,889 shares of the company’s stock in a transaction on Friday, October 13th. The stock was acquired at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.20% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/12/13/ameritas-investment-partners-inc-acquires-7690-shares-of-ulta-beauty-inc-ulta.html.

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.

Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty Inc. (NASDAQ:ULTA).

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

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.