First Republic Investment Management Inc. Grows Holdings in Ulta Beauty Inc. (ULTA)

First Republic Investment Management Inc. grew its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 31.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,414 shares of the specialty retailer’s stock after buying an additional 341 shares during the quarter. First Republic Investment Management Inc.’s holdings in Ulta Beauty were worth $320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ULTA. Sun Life Financial INC grew its stake in Ulta Beauty by 4,655.6% during the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after buying an additional 419 shares during the period. Lazard Asset Management LLC purchased a new stake in Ulta Beauty during the second quarter worth approximately $157,000. QS Investors LLC grew its stake in Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after buying an additional 6 shares during the period. Cypress Capital Group purchased a new stake in Ulta Beauty during the second quarter worth approximately $218,000. Finally, QCM Cayman Ltd. purchased a new stake in Ulta Beauty during the second quarter worth approximately $248,000. Institutional investors own 89.09% of the company’s stock.

Shares of Ulta Beauty Inc. (NASDAQ ULTA) opened at $218.25 on Monday. Ulta Beauty Inc. has a 12 month low of $187.96 and a 12 month high of $314.86. The firm has a market cap of $13,311.50, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 1.35 and a beta of 0.55.

In other Ulta Beauty news, Director Charles Heilbronn bought 127,889 shares of the stock in a transaction on Friday, October 13th. The stock was purchased at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is owned by insiders.

Several equities research analysts have issued reports on the stock. Oppenheimer reiterated a “hold” rating on shares of Ulta Beauty in a research note on Thursday, December 7th. Piper Jaffray Companies reiterated a “buy” rating and set a $260.00 price objective on shares of Ulta Beauty in a research note on Sunday, October 1st. Robert W. Baird set a $295.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a research note on Sunday, October 1st. BMO Capital Markets set a $225.00 target price on shares of Ulta Beauty and gave the stock a “hold” rating in a research report on Friday, December 1st. Finally, Jefferies Group reissued a “positive” rating and set a $221.64 target price (down from $300.00) on shares of Ulta Beauty in a research report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price 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.

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

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