Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 369 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,018 shares of the specialty retailer’s stock after selling 369 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Ulta Beauty were worth $4,357,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its stake in Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. boosted its stake in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Future Financial Wealth Managment LLC bought a new stake in Ulta Beauty during the 4th quarter valued at approximately $43,000. Ameliora Wealth Management Ltd. bought a new stake in Ulta Beauty during the 4th quarter valued at approximately $43,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Ulta Beauty during the 3rd quarter valued at approximately $41,000. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wells Fargo & Company reduced their price objective on Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating for the company in a research report on Friday, March 14th. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Barclays reduced their price objective on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a research report on Friday, March 14th. UBS Group raised their price objective on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $427.13.

Ulta Beauty Price Performance

ULTA stock opened at $350.57 on Monday. The company has a 50 day moving average price of $377.57 and a 200 day moving average price of $386.55. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $529.67. The stock has a market capitalization of $16.26 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the company posted $8.08 EPS. Ulta Beauty’s revenue was down 1.9% on a year-over-year basis. As a group, equities analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share 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.