New York State Teachers Retirement System Has $14.77 Million Position in Ulta Beauty Inc. (NASDAQ:ULTA)

New York State Teachers Retirement System increased its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,302 shares of the specialty retailer's stock after purchasing an additional 1,191 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Ulta Beauty worth $14,772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors bought a new position in shares of Ulta Beauty in the 4th quarter valued at about $430,674,000. Norges Bank acquired a new position in Ulta Beauty in the fourth quarter valued at approximately $239,432,000. Marshall Wace LLP boosted its stake in Ulta Beauty by 10,336.7% in the fourth quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer's stock valued at $199,681,000 after acquiring an additional 454,711 shares during the last quarter. GAMMA Investing LLC grew its holdings in Ulta Beauty by 38,770.6% during the 1st quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock worth $162,565,000 after acquiring an additional 442,372 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Ulta Beauty during the 4th quarter valued at $73,780,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of analyst reports. Bank of America decreased their price objective on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Piper Sandler restated a "neutral" rating and set a $437.00 target price (up from $386.00) on shares of Ulta Beauty in a research report on Friday, May 30th. UBS Group increased their target price on shares of Ulta Beauty from $490.00 to $525.00 and gave the stock a "buy" rating in a report on Friday, May 30th. BMO Capital Markets lowered their target price on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a research note on Friday, March 14th. Finally, Wall Street Zen raised shares of Ulta Beauty from a "hold" rating to a "buy" rating in a research note on Saturday, June 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $462.22.

Ulta Beauty Trading Up 0.6%

Shares of ULTA traded up $2.84 during midday trading on Thursday, reaching $477.68. The stock had a trading volume of 391,801 shares, compared to its average volume of 1,041,150. The firm has a market cap of $21.47 billion, a PE ratio of 18.66, a P/E/G ratio of 2.87 and a beta of 1.08. The firm has a 50 day simple moving average of $433.56 and a 200-day simple moving average of $401.25. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $491.98.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%. The business's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.47 earnings per share. As a group, research analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal 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.