State of Alaska Department of Revenue Sells 3,055 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

State of Alaska Department of Revenue cut its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 29.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,235 shares of the specialty retailer's stock after selling 3,055 shares during the period. State of Alaska Department of Revenue's holdings in Ulta Beauty were worth $3,146,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Paladin Wealth LLC bought a new position in shares of Ulta Beauty during the third quarter worth approximately $32,000. Sunbelt Securities Inc. increased its holdings in shares of Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. increased its holdings in shares of 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 purchasing an additional 50 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Ulta Beauty during the third quarter worth approximately $41,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Ulta Beauty during the fourth quarter worth approximately $43,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Piper Sandler lifted their price objective on shares of Ulta Beauty from $390.00 to $394.00 and gave the company a "neutral" rating in a research note on Monday, January 6th. Bank of America lifted their price objective on shares of Ulta Beauty from $460.00 to $475.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, B. Riley raised shares of Ulta Beauty from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $330.00 to $430.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $459.22.

Ulta Beauty Trading Down 3.4 %

ULTA stock traded down $12.68 during midday trading on Thursday, hitting $360.44. The stock had a trading volume of 1,415,817 shares, compared to its average volume of 854,452. The firm has a market cap of $16.71 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The business has a fifty day moving average price of $416.50 and a two-hundred day moving average price of $386.35.

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