New York State Teachers Retirement System Has $17.01 Million Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

New York State Teachers Retirement System lowered its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 16.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,111 shares of the specialty retailer's stock after selling 7,720 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Ulta Beauty worth $17,011,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of Ulta Beauty by 180,713.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer's stock worth $481,952,000 after buying an additional 1,237,884 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of Ulta Beauty in the 3rd quarter worth $359,480,000. Holocene Advisors LP raised its stake in shares of Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer's stock worth $134,737,000 after buying an additional 335,914 shares in the last quarter. Atreides Management LP bought a new stake in shares of Ulta Beauty in the 3rd quarter worth $73,069,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Ulta Beauty by 258.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 126,190 shares of the specialty retailer's stock worth $54,884,000 after buying an additional 90,972 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Up 1.9 %

Shares of NASDAQ:ULTA traded up $6.72 on Thursday, reaching $366.68. The company had a trading volume of 1,116,347 shares, compared to its average volume of 916,443. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The stock has a 50-day moving average price of $411.27 and a 200 day moving average price of $386.56. The stock has a market capitalization of $17.00 billion, a P/E ratio of 14.67, a P/E/G ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts' consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the previous year, the firm earned $5.07 earnings per share. The business's quarterly revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of research reports. Bank of America boosted their price objective on Ulta Beauty from $460.00 to $475.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. DA Davidson lifted their target price on Ulta Beauty from $435.00 to $510.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Oppenheimer lifted their target price on Ulta Beauty from $505.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Piper Sandler lifted their target price on Ulta Beauty from $390.00 to $394.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. Finally, Wells Fargo & Company lifted their target price on Ulta Beauty from $350.00 to $370.00 and gave the stock an "underweight" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $459.22.

Ulta Beauty Company 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.