M&T Bank Corp decreased its stake in shares of Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,031 shares of the company’s stock after selling 1,091 shares during the period. M&T Bank Corp’s holdings in Ulta Salon, Cosmetics & Fragrance were worth $3,339,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in ULTA. Global X Management Co. LLC increased its position in shares of Ulta Salon, Cosmetics & Fragrance by 118.6% in the second quarter. Global X Management Co. LLC now owns 483 shares of the company’s stock worth $118,000 after buying an additional 262 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter worth about $120,000. Advisory Services Network LLC bought a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter worth about $122,000. Hanson McClain Inc. bought a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter worth about $122,000. Finally, Cypress Capital Management LLC WY bought a new position in shares of Ulta Salon, Cosmetics & Fragrance during the second quarter worth about $139,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA)

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) traded down 0.35% during trading on Wednesday, hitting $259.50. The stock had a trading volume of 1,014,414 shares. The company has a market cap of $16.18 billion, a P/E ratio of 45.68 and a beta of 0.71. Ulta Salon, Cosmetics & Fragrance Inc. has a one year low of $146.77 and a one year high of $278.63. The firm has a 50 day moving average of $246.83 and a 200-day moving average of $244.93.

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ULTA has been the subject of a number of recent research reports. Buckingham Research boosted their price objective on Ulta Salon, Cosmetics & Fragrance from $285.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, August 26th. Nomura boosted their price objective on Ulta Salon, Cosmetics & Fragrance from $244.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, August 26th. Zacks Investment Research upgraded Ulta Salon, Cosmetics & Fragrance from a “hold” rating to a “buy” rating and set a $262.00 price target for the company in a research note on Saturday, September 17th. Robert W. Baird set a $305.00 price target on Ulta Salon, Cosmetics & Fragrance and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $250.00 price target on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Wednesday, October 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Ulta Salon, Cosmetics & Fragrance currently has a consensus rating of “Buy” and a consensus target price of $265.50.

In related news, Director Dennis K. Eck acquired 11,000 shares of the stock in a transaction on Monday, September 19th. The shares were bought at an average price of $234.45 per share, with a total value of $2,578,950.00. Following the completion of the purchase, the director now owns 503,530 shares of the company’s stock, valued at approximately $118,052,608.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles Heilbronn sold 925,000 shares of the business’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $229.56, for a total value of $212,343,000.00. Following the transaction, the director now directly owns 58,928 shares in the company, valued at approximately $13,527,511.68. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.

Ulta Salon, Cosmetics & Fragrance Company Profile

Ulta Salon, Cosmetics & Fragrance, Inc is a beauty retailer. The Company operates specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services. The Company operates through three segments: retail stores, salon services and e-commerce. The Company also offers a full-service salon in every store featuring hair, skin and brow services.

5 Day Chart for NASDAQ:ULTA

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