Ulta Beauty, Inc. (NASDAQ:ULTA) Stock Holdings Cut by California State Teachers Retirement System

California State Teachers Retirement System lessened its stake in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,919 shares of the specialty retailer's stock after selling 913 shares during the quarter. California State Teachers Retirement System owned 0.16% of Ulta Beauty worth $32,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Capital World Investors bought a new stake in shares of Ulta Beauty during the 4th quarter valued at about $430,674,000. Norges Bank purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $239,432,000. Marshall Wace LLP grew its position in shares of Ulta Beauty by 10,336.7% during the fourth quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer's stock worth $199,681,000 after purchasing an additional 454,711 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Ulta Beauty during the 4th quarter valued at approximately $73,780,000. Finally, Proficio Capital Partners LLC purchased a new position in Ulta Beauty in the 4th quarter worth approximately $58,074,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Ulta Beauty Trading Up 11.4%

NASDAQ ULTA traded up $47.92 on Friday, hitting $469.71. 4,593,456 shares of the stock traded hands, compared to its average volume of 1,061,241. The stock has a 50-day moving average of $384.70 and a 200 day moving average of $387.99. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $491.32. The company has a market capitalization of $21.21 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06.

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 business had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $6.47 EPS. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ULTA. Raymond James reaffirmed an "outperform" rating and set a $500.00 price objective (up from $450.00) on shares of Ulta Beauty in a report on Friday. Wells Fargo & Company upped their price objective on Ulta Beauty from $315.00 to $350.00 and gave the stock an "underweight" rating in a report on Friday. Barclays decreased their price objective on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Truist Financial increased their price target on Ulta Beauty from $364.00 to $386.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Finally, Citigroup increased their price target on Ulta Beauty from $425.00 to $450.00 and gave the company a "neutral" rating in a report on Friday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $454.04.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the transaction, the insider now directly owns 7,632 shares of the company's stock, valued at $2,817,429.12. This represents a 10.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.17% of the company's stock.

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.