Ulta Beauty Target of Unusually High Options Trading (ULTA)

Ulta Beauty Inc. (NASDAQ:ULTA) was the target of unusually large options trading activity on Thursday. Stock investors purchased 17,326 put options on the stock. This represents an increase of approximately 667% compared to the typical daily volume of 2,260 put options.

Ulta Beauty (ULTA) opened at $212.58 on Friday. Ulta Beauty has a 52-week low of $187.96 and a 52-week high of $314.86. The stock has a market cap of $13,522.62, a PE ratio of 28.87, a price-to-earnings-growth ratio of 1.37 and a beta of 0.55.

In related news, Director Charles Heilbronn purchased 127,889 shares of Ulta Beauty stock in a transaction that occurred on Friday, October 13th. The shares were acquired at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.20% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Comerica Bank increased its stake in shares of Ulta Beauty by 37.0% in the 3rd quarter. Comerica Bank now owns 39,592 shares of the specialty retailer’s stock valued at $7,986,000 after acquiring an additional 10,690 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Ulta Beauty in the 2nd quarter valued at about $552,000. CIBC World Markets Inc. increased its stake in shares of Ulta Beauty by 63.0% in the 2nd quarter. CIBC World Markets Inc. now owns 9,994 shares of the specialty retailer’s stock valued at $2,872,000 after acquiring an additional 3,861 shares during the last quarter. Eagle Asset Management Inc. increased its stake in shares of Ulta Beauty by 38.1% in the 2nd quarter. Eagle Asset Management Inc. now owns 117,681 shares of the specialty retailer’s stock valued at $33,814,000 after acquiring an additional 32,455 shares during the last quarter. Finally, Alps Advisors Inc. increased its stake in shares of Ulta Beauty by 34.8% in the 3rd quarter. Alps Advisors Inc. now owns 2,613 shares of the specialty retailer’s stock valued at $591,000 after acquiring an additional 674 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

ULTA has been the topic of several research reports. Robert W. Baird set a $265.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, October 23rd. Jefferies Group set a $350.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, August 14th. Piper Jaffray Companies reiterated a “buy” rating and set a $330.00 price target on shares of Ulta Beauty in a research report on Monday, August 21st. Stifel Nicolaus reduced their price target on shares of Ulta Beauty from $325.00 to $270.00 and set a “hold” rating on the stock in a research report on Monday, August 21st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $235.00 price target on shares of Ulta Beauty in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Ulta Beauty presently has an average rating of “Hold” and a consensus target price of $260.68.

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About Ulta Beauty

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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