Public Employees Retirement System of Ohio Sells 2,560 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Public Employees Retirement System of Ohio reduced its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,157 shares of the specialty retailer's stock after selling 2,560 shares during the period. Public Employees Retirement System of Ohio's holdings in Ulta Beauty were worth $7,027,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ULTA. Prestige Wealth Management Group LLC increased its stake in Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 34 shares during the period. Edge Capital Group LLC acquired a new stake in Ulta Beauty during the 4th quarter worth $33,000. Ameliora Wealth Management Ltd. purchased a new stake in Ulta Beauty in the fourth quarter valued at $43,000. Colonial Trust Co SC increased its position in shares of Ulta Beauty by 36.9% during the fourth quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer's stock worth $50,000 after purchasing an additional 31 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in Ulta Beauty during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the sale, the insider now owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of recent research reports. Bank of America dropped their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Telsey Advisory Group raised their price target on Ulta Beauty from $460.00 to $520.00 and gave the stock an "outperform" rating in a report on Friday. Oppenheimer increased their price objective on Ulta Beauty from $465.00 to $510.00 and gave the stock an "outperform" rating in a research report on Friday. UBS Group boosted their price objective on shares of Ulta Beauty from $490.00 to $525.00 and gave the company a "buy" rating in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ulta Beauty from $477.00 to $525.00 and gave the company an "overweight" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $454.04.

Ulta Beauty Price Performance

ULTA stock traded up $47.92 during midday trading on Friday, hitting $469.71. The company's stock had a trading volume of 4,593,456 shares, compared to its average volume of 1,066,286. The company's fifty day moving average price is $382.73 and its 200 day moving average price is $387.37. The stock has a market capitalization of $21.21 billion, a P/E ratio of 18.80, a PEG ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $491.32.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating analysts' consensus estimates of $5.73 by $0.97. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. During the same quarter in the prior year, the business earned $6.47 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts expect 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.