Ulta Beauty Inc. (NASDAQ:ULTA) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 62.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,786 shares of the specialty retailer's stock after selling 11,391 shares during the period. Teacher Retirement System of Texas' holdings in Ulta Beauty were worth $2,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Ulta Beauty by 17.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer's stock worth $2,190,000 after purchasing an additional 924 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of Ulta Beauty by 14.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer's stock worth $435,000 after purchasing an additional 152 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Ulta Beauty by 128.9% during the 1st quarter. Farther Finance Advisors LLC now owns 737 shares of the specialty retailer's stock worth $275,000 after purchasing an additional 415 shares during the period. Alliancebernstein L.P. boosted its position in shares of Ulta Beauty by 26.4% during the 4th quarter. Alliancebernstein L.P. now owns 73,137 shares of the specialty retailer's stock worth $31,809,000 after purchasing an additional 15,258 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Ulta Beauty by 6.0% during the 1st quarter. GAMMA Investing LLC now owns 1,210 shares of the specialty retailer's stock worth $444,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Trading Up 0.1%

NASDAQ:ULTA traded up $0.70 during midday trading on Friday, hitting $476.84. 474,112 shares of the company were exchanged, compared to its average volume of 1,044,466. The company has a fifty day simple moving average of $445.81 and a 200 day simple moving average of $403.50. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $498.52. The company has a market capitalization of $21.43 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on ULTA shares. Wall Street Zen raised shares of Ulta Beauty from a "hold" rating to a "buy" rating in a research report on Saturday, June 28th. Evercore ISI raised their price target on shares of Ulta Beauty from $465.00 to $490.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Raymond James Financial reissued an "outperform" rating and issued a $500.00 price target (up previously from $450.00) on shares of Ulta Beauty in a research report on Friday, May 30th. Oppenheimer raised their price target on shares of Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Finally, Piper Sandler reissued a "neutral" rating and issued a $437.00 price target (up previously from $386.00) on shares of Ulta Beauty in a research report on Friday, May 30th. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $465.04.

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.