Public Employees Retirement System of Ohio Has $7.28 Million Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Public Employees Retirement System of Ohio lowered its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 10.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,717 shares of the specialty retailer's stock after selling 2,125 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Ulta Beauty were worth $7,283,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. UMB Bank n.a. lifted its position in shares of Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 30 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Ulta Beauty during the second quarter worth about $32,000. Paladin Wealth LLC acquired a new position in shares of Ulta Beauty in the third quarter worth about $32,000. Oakworth Capital Inc. purchased a new position in Ulta Beauty in the second quarter valued at about $36,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Ulta Beauty during the 3rd quarter worth approximately $41,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Stock Performance

Shares of ULTA stock traded up $0.20 during midday trading on Friday, reaching $424.11. 655,505 shares of the company were exchanged, compared to its average volume of 982,607. The company's 50 day moving average price is $377.54 and its two-hundred day moving average price is $377.83. The company has a market cap of $19.67 billion, a P/E ratio of 16.96, a PEG ratio of 2.42 and a beta of 1.32. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty's revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.07 EPS. As a group, sell-side analysts predict that Ulta Beauty, Inc. will post 23.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays raised their price target on shares of Ulta Beauty from $335.00 to $410.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. TD Cowen cut their target price on shares of Ulta Beauty from $390.00 to $380.00 and set a "hold" rating on the stock in a research note on Thursday, October 17th. Raymond James decreased their price target on Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating for the company in a research note on Monday, October 14th. Evercore ISI decreased their price target on Ulta Beauty from $500.00 to $430.00 and set an "outperform" rating for the company in a research note on Monday, August 26th. Finally, Wells Fargo & Company increased their target price on Ulta Beauty from $300.00 to $350.00 and gave the stock an "underweight" rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $439.30.

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.