Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,346 shares of the specialty retailer's stock after selling 6,499 shares during the period. California Public Employees Retirement System owned about 0.18% of Ulta Beauty worth $36,250,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of Ulta Beauty by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer's stock worth $461,059,000 after purchasing an additional 10,153 shares during the last quarter. Norges Bank bought a new position in Ulta Beauty in the fourth quarter worth approximately $239,432,000. Amundi grew its position in shares of Ulta Beauty by 19.7% during the 4th quarter. Amundi now owns 450,239 shares of the specialty retailer's stock worth $186,912,000 after buying an additional 74,013 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Ulta Beauty by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,938 shares of the specialty retailer's stock valued at $139,151,000 after purchasing an additional 12,273 shares during the period. Finally, Summitry LLC increased its holdings in Ulta Beauty by 2.4% during the fourth quarter. Summitry LLC now owns 216,671 shares of the specialty retailer's stock valued at $94,237,000 after buying an additional 5,137 shares during the period. 90.39% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

ULTA has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target 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. Piper Sandler dropped their price target on Ulta Beauty from $425.00 to $364.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Bank of America cut their price objective on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Loop Capital lifted their price target on Ulta Beauty from $450.00 to $480.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Finally, TD Cowen boosted their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $427.61.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, the insider now owns 7,632 shares of the company's stock, valued at $2,817,429.12. This represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.39% of the company's stock.

Ulta Beauty Stock Down 2.3 %

Shares of Ulta Beauty stock traded down $8.40 during mid-day trading on Friday, hitting $359.36. The stock had a trading volume of 1,531,940 shares, compared to its average volume of 1,047,659. The firm has a 50-day moving average of $370.20 and a two-hundred day moving average of $386.17. The firm has a market cap of $16.66 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 12-month low of $309.01 and a 12-month high of $460.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued 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. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $8.08 earnings per share. Sell-side analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share 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.