Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 30.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,177 shares of the specialty retailer’s stock after selling 8,110 shares during the period. Teacher Retirement System of Texas’ holdings in Ulta Beauty were worth $7,906,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. raised its position in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 45 shares in the last quarter. Westside Investment Management Inc. increased its position in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 50 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Ulta Beauty during the fourth quarter worth approximately $43,000. Ameliora Wealth Management Ltd. acquired a new position in Ulta Beauty during the fourth quarter worth approximately $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Ulta Beauty during the third quarter worth approximately $41,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ULTA. JPMorgan Chase & Co. cut their price target on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. B. Riley cut their price target on Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. TD Cowen lifted their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Oppenheimer boosted their target price on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, BMO Capital Markets dropped their target price on Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Ulta Beauty has a consensus rating of “Hold” and a consensus price target of $427.13.

Ulta Beauty Stock Performance

ULTA opened at $350.57 on Friday. The business’s fifty day moving average is $377.57 and its two-hundred day moving average is $386.36. The company has a market cap of $16.26 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $529.67.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $8.08 earnings per share. On average, analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Ulta Beauty Profile

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.