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

Teacher Retirement System of Texas reduced its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 62.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 SEC filing.

A number of other institutional investors have also recently modified their holdings of ULTA. Westside Investment Management Inc. boosted its position in shares of Ulta Beauty by 32.5% during the first quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer's stock valued at $40,000 after buying an additional 27 shares during the last quarter. RWA Wealth Partners LLC raised its stake in shares of Ulta Beauty by 1.5% in the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock worth $812,000 after buying an additional 28 shares during the period. Procyon Advisors LLC raised its stake in shares of Ulta Beauty by 4.3% in the first quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer's stock worth $259,000 after buying an additional 29 shares during the period. Lido Advisors LLC raised its stake in shares of Ulta Beauty by 5.0% in the fourth quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock worth $272,000 after buying an additional 30 shares during the period. Finally, Sagespring Wealth Partners LLC raised its stake in Ulta Beauty by 5.0% during the 1st quarter. Sagespring Wealth Partners LLC now owns 625 shares of the specialty retailer's stock valued at $229,000 after purchasing an additional 30 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Up 0.1%

Shares of Ulta Beauty stock traded up $0.70 during mid-day trading on Friday, reaching $476.84. 474,112 shares of the stock traded hands, compared to its average volume of 1,043,671. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $498.52. The stock has a market capitalization of $21.43 billion, a PE ratio of 18.63, a PEG ratio of 2.89 and a beta of 1.08. The business has a 50-day moving average of $445.81 and a 200 day moving average of $403.72.

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

Analyst Ratings Changes

Several analysts recently issued reports on ULTA shares. DA Davidson lifted their target price on Ulta Beauty from $485.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Argus lowered Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $520.00 target price on shares of Ulta Beauty in a research report on Friday. B. Riley reduced their target price on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Finally, Barclays boosted their price target on Ulta Beauty from $327.00 to $485.00 and gave the company an "equal weight" rating in a research note on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $465.04.

About Ulta Beauty

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.