Dana Investment Advisors Inc. Takes Position in Ulta Beauty Inc. (ULTA)

Dana Investment Advisors Inc. acquired a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,926 shares of the specialty retailer’s stock, valued at approximately $6,991,000. Dana Investment Advisors Inc. owned about 0.05% of Ulta Beauty as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ULTA. Wells Fargo & Company MN grew its position in shares of Ulta Beauty by 137.3% in the 2nd quarter. Wells Fargo & Company MN now owns 1,053,780 shares of the specialty retailer’s stock valued at $302,792,000 after buying an additional 609,671 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Ulta Beauty by 58.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,390,665 shares of the specialty retailer’s stock valued at $314,378,000 after buying an additional 512,315 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt bought a new stake in shares of Ulta Beauty in the 3rd quarter valued at about $83,642,000. Old Mutual Global Investors UK Ltd. grew its position in shares of Ulta Beauty by 173.8% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 527,993 shares of the specialty retailer’s stock valued at $119,358,000 after buying an additional 335,148 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Ulta Beauty by 605.4% in the 2nd quarter. Renaissance Technologies LLC now owns 389,400 shares of the specialty retailer’s stock valued at $111,890,000 after buying an additional 334,198 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

In other Ulta Beauty news, Director Charles Heilbronn acquired 127,889 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were bought at an average cost of $195.21 per share, with a total value of $24,965,211.69. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.20% of the stock is owned by insiders.

Ulta Beauty Inc. (ULTA) opened at $215.03 on Thursday. The stock has a market capitalization of $13,120.00, a PE ratio of 28.14, a PEG ratio of 1.34 and a beta of 0.55. Ulta Beauty Inc. has a 52 week low of $187.96 and a 52 week high of $314.86.

A number of equities research analysts have commented on the company. Piper Jaffray Companies reiterated an “overweight” rating and issued a $260.00 price target (down previously from $330.00) on shares of Ulta Beauty in a research report on Tuesday, September 5th. Robert W. Baird reiterated an “outperform” rating and issued a $295.00 price target (down previously from $335.00) on shares of Ulta Beauty in a research report on Friday, August 25th. They noted that the move was a valuation call. Jefferies Group reiterated a “positive” rating and issued a $221.64 price target (down previously from $300.00) on shares of Ulta Beauty in a research report on Tuesday, December 5th. Royal Bank of Canada set a $225.00 price target on Ulta Beauty and gave the company a “hold” rating in a research report on Friday, December 1st. Finally, Oppenheimer reiterated a “hold” rating on shares of Ulta Beauty in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ulta Beauty presently has a consensus rating of “Hold” and a consensus price target of $257.39.

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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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