American Century Companies Inc. Reduces Position in Ulta Beauty Inc. (NASDAQ:ULTA)

American Century Companies Inc. decreased its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 98.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,154 shares of the specialty retailer’s stock after selling 488,111 shares during the quarter. American Century Companies Inc.’s holdings in Ulta Beauty were worth $1,617,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sun Life Financial INC grew its holdings in shares of Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after acquiring an additional 419 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Ulta Beauty in the second quarter worth $157,000. QS Investors LLC grew its holdings in Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares during the period. Cypress Capital Group bought a new stake in Ulta Beauty during the second quarter valued at about $218,000. Finally, QCM Cayman Ltd. bought a new stake in Ulta Beauty during the second quarter valued at about $248,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Shares of Ulta Beauty Inc. (NASDAQ ULTA) traded down $0.83 during midday trading on Thursday, reaching $223.14. The company’s stock had a trading volume of 1,280,600 shares, compared to its average volume of 1,022,112. The company has a market cap of $13,660.47, a PE ratio of 29.16, a PEG ratio of 1.38 and a beta of 0.55. Ulta Beauty Inc. has a 1-year low of $187.96 and a 1-year high of $314.86.

In other news, Director Charles Heilbronn acquired 127,889 shares of the stock in a transaction that occurred on Friday, October 13th. The shares were bought 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 SEC, which is available at this hyperlink. Insiders own 5.20% of the company’s stock.

ULTA has been the subject of several recent research reports. Loop Capital reissued a “buy” rating and set a $300.00 price target (down previously from $350.00) on shares of Ulta Beauty in a report on Friday, August 25th. They noted that the move was a valuation call. Cowen set a $336.00 price target on Ulta Beauty and gave the company a “buy” rating in a report on Friday, August 25th. Jefferies Group set a $300.00 price target on Ulta Beauty and gave the company a “buy” rating in a report on Wednesday, August 23rd. Robert W. Baird set a $335.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $330.00 price objective on shares of Ulta Beauty in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Ulta Beauty currently has a consensus rating of “Hold” and a consensus price target of $257.39.

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Ulta Beauty 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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