Teachers Retirement System of The State of Kentucky Sells 88,530 Shares of Ulta Beauty Inc. (NASDAQ:ULTA)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 96.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,642 shares of the specialty retailer's stock after selling 88,530 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Ulta Beauty were worth $1,335,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in shares of Ulta Beauty by 7.5% in the fourth quarter. American Century Companies Inc. now owns 85,334 shares of the specialty retailer's stock valued at $37,114,000 after acquiring an additional 5,938 shares during the period. Zions Bancorporation N.A. boosted its holdings in shares of Ulta Beauty by 185.9% in the fourth quarter. Zions Bancorporation N.A. now owns 263 shares of the specialty retailer's stock valued at $114,000 after acquiring an additional 171 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at approximately $217,000. WINTON GROUP Ltd boosted its holdings in shares of Ulta Beauty by 582.2% in the fourth quarter. WINTON GROUP Ltd now owns 18,815 shares of the specialty retailer's stock valued at $8,183,000 after acquiring an additional 16,057 shares during the period. Finally, UniSuper Management Pty Ltd lifted its holdings in shares of Ulta Beauty by 7.6% during the fourth quarter. UniSuper Management Pty Ltd now owns 5,702 shares of the specialty retailer's stock worth $2,480,000 after purchasing an additional 401 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Stock Up 0.3%

Ulta Beauty stock traded up $1.40 during trading hours on Friday, reaching $514.95. 466,057 shares of the company's stock were exchanged, compared to its average volume of 606,426. The firm's 50 day simple moving average is $464.66 and its 200 day simple moving average is $407.92. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $515.99. The firm has a market capitalization of $23.15 billion, a PE ratio of 20.12, a PEG ratio of 3.11 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its 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. The company had revenue of $2.85 billion during 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 firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $6.47 EPS. Analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $520.00 price target on shares of Ulta Beauty in a report on Friday, July 11th. UBS Group raised their target price on Ulta Beauty from $490.00 to $525.00 and gave the company a "buy" rating in a report on Friday, May 30th. Truist Financial raised their target price on Ulta Beauty from $364.00 to $386.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Raymond James Financial reissued an "outperform" rating and issued a $500.00 target price (up previously from $450.00) on shares of Ulta Beauty in a report on Friday, May 30th. Finally, Argus downgraded Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price 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.