Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its stake in Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 4.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,049 shares of the specialty retailer’s stock after selling 176 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Ulta Beauty were worth $1,612,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. National Asset Management Inc. grew its holdings in shares of Ulta Beauty by 18.5% during the first quarter. National Asset Management Inc. now owns 3,050 shares of the specialty retailer’s stock valued at $1,216,000 after buying an additional 477 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new position in shares of Ulta Beauty during the first quarter valued at $136,000. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Ulta Beauty by 9.4% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 5,692 shares of the specialty retailer’s stock valued at $2,347,000 after buying an additional 487 shares in the last quarter. Forsta AP Fonden grew its holdings in shares of Ulta Beauty by 31.5% during the first quarter. Forsta AP Fonden now owns 21,300 shares of the specialty retailer’s stock valued at $8,482,000 after buying an additional 5,100 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. grew its holdings in shares of Ulta Beauty by 11.3% during the first quarter. Cornercap Investment Counsel Inc. now owns 5,343 shares of the specialty retailer’s stock valued at $2,128,000 after buying an additional 544 shares in the last quarter. 89.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, Director Catherine Ann Halligan sold 276 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $445.86, for a total value of $123,057.36. Following the completion of the transaction, the director now owns 2,168 shares of the company’s stock, valued at approximately $966,624.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Ulta Beauty news, insider Anita Jane Ryan sold 594 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $440.53, for a total value of $261,674.82. Following the completion of the transaction, the insider now owns 2,482 shares of the company’s stock, valued at approximately $1,093,395.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Catherine Ann Halligan sold 276 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $445.86, for a total value of $123,057.36. Following the completion of the sale, the director now owns 2,168 shares in the company, valued at $966,624.48. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ULTA. Cowen lifted their price target on Ulta Beauty from $480.00 to $503.00 and gave the company an “outperform” rating in a report on Friday, August 26th. Barclays boosted their target price on Ulta Beauty from $491.00 to $511.00 and gave the company an “overweight” rating in a research note on Monday, August 29th. Raymond James boosted their target price on Ulta Beauty from $485.00 to $505.00 and gave the company a “strong-buy” rating in a research note on Friday, August 26th. UBS Group boosted their target price on Ulta Beauty from $500.00 to $530.00 and gave the company a “buy” rating in a research note on Friday, August 26th. Finally, Telsey Advisory Group boosted their target price on Ulta Beauty from $475.00 to $510.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $482.27.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $410.82 on Thursday. Ulta Beauty, Inc. has a twelve month low of $330.80 and a twelve month high of $451.30. The stock has a market capitalization of $21.04 billion, a PE ratio of 19.24, a P/E/G ratio of 1.66 and a beta of 1.39. The stock has a 50-day simple moving average of $407.13 and a 200 day simple moving average of $398.18.

Ulta Beauty (NASDAQ:ULTAGet Rating) last posted its quarterly earnings data on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share for the quarter, topping the consensus estimate of $4.96 by $0.74. Ulta Beauty had a return on equity of 64.33% and a net margin of 12.08%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous year, the firm earned $4.56 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. As a group, equities research analysts forecast that Ulta Beauty, Inc. will post 21.36 EPS for the current fiscal year.

Ulta Beauty Profile

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Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.

Further Reading

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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