Teacher Retirement System of Texas Lowers Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Teacher Retirement System of Texas decreased its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 30.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of Ulta Beauty by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,188,730 shares of the specialty retailer’s stock valued at $461,059,000 after buying an additional 10,153 shares in the last quarter. Champlain Investment Partners LLC lifted its position in shares of Ulta Beauty by 5.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock valued at $237,519,000 after buying an additional 31,540 shares in the last quarter. Amundi lifted 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 valued at $186,912,000 after buying an additional 74,013 shares in the last quarter. Holocene Advisors LP lifted its position in shares of Ulta Beauty by 3,246.2% during the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock valued at $134,737,000 after buying an additional 335,914 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of Ulta Beauty by 33.9% during the 3rd quarter. Swedbank AB now owns 321,605 shares of the specialty retailer’s stock valued at $125,143,000 after buying an additional 81,414 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 2.8 %

NASDAQ ULTA opened at $350.57 on Friday. The stock has a market cap of $16.26 billion, a PE ratio of 14.03, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $529.67. The stock has a fifty day simple moving average of $377.57 and a 200-day simple moving average of $386.36.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the business posted $8.08 EPS. Ulta Beauty’s revenue for the quarter was down 1.9% on a year-over-year basis. Research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Analysts Set New Price Targets

ULTA has been the subject of several recent research reports. UBS Group increased their price objective on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Canaccord Genuity Group reduced their price objective on Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Oppenheimer increased their price objective on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price objective on Ulta Beauty from $480.00 to $475.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Finally, Loop Capital increased their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research note on Monday, December 9th. 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $427.13.

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.