Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 16.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,393 shares of the specialty retailer’s stock after selling 1,996 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ulta Beauty were worth $4,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in shares of Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Ulta Beauty in the second quarter worth $32,000. Paladin Wealth LLC purchased a new stake in shares of Ulta Beauty in the third quarter valued at $32,000. Oakworth Capital Inc. acquired a new stake in shares of Ulta Beauty during the second quarter valued at $36,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Ulta Beauty during the second quarter valued at $39,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $394.06 on Tuesday. The firm has a 50-day moving average of $374.13 and a two-hundred day moving average of $376.13. The stock has a market cap of $18.57 billion, a P/E ratio of 15.81, a PEG ratio of 2.22 and a beta of 1.33. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. B. Riley initiated coverage on shares of Ulta Beauty in a report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 target price on the stock. Barclays raised their target price on shares of Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. TD Cowen cut their price target on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Evercore ISI decreased their price objective on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $450.00 price objective on shares of Ulta Beauty in a research report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $422.58.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.