Teacher Retirement System of Texas trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 30.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of ULTA. Sunbelt Securities Inc. increased its holdings in 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 buying an additional 45 shares during the last quarter. Westside Investment Management Inc. lifted 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 buying an additional 50 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Ulta Beauty in the fourth quarter valued at about $43,000. Ameliora Wealth Management Ltd. bought a new position in Ulta Beauty during the fourth quarter worth about $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Ulta Beauty in the 3rd quarter worth about $41,000. Institutional investors own 90.39% of the company's stock.
Ulta Beauty Trading Up 1.6 %
Shares of ULTA traded up $5.90 during trading hours on Tuesday, reaching $372.06. 535,311 shares of the stock traded hands, compared to its average volume of 1,044,802. Ulta Beauty, Inc. has a 52 week low of $309.01 and a 52 week high of $529.67. The company has a market cap of $17.25 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 0.89 and a beta of 1.34. The stock has a fifty day simple moving average of $376.82 and a 200 day simple moving average of $386.57.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping analysts' consensus estimates of $7.13 by $1.33. The firm 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%. The company's revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.08 EPS. Analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.
Analysts Set New Price Targets
ULTA has been the subject of a number of analyst reports. UBS Group lifted their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Bank of America cut their target price on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Barclays dropped their price target on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. decreased their target price on shares of Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Finally, BMO Capital Markets cut their price target on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Ulta Beauty presently has an average rating of "Hold" and an average price target of $427.13.
Read Our Latest Report on ULTA
About Ulta Beauty
(
Free Report)
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.
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