Oregon Public Employees Retirement Fund trimmed its holdings in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 0.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,195 shares of the specialty retailer’s stock after selling 99 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Ulta Beauty were worth $4,950,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of ULTA. FMR LLC increased its position in Ulta Beauty by 52.6% in the fourth quarter. FMR LLC now owns 1,961,393 shares of the specialty retailer’s stock worth $480,228,000 after buying an additional 675,832 shares during the last quarter. Geode Capital Management LLC increased its position in Ulta Beauty by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 838,542 shares of the specialty retailer’s stock worth $204,993,000 after buying an additional 62,309 shares during the last quarter. Two Sigma Advisers LP increased its position in Ulta Beauty by 189.8% in the fourth quarter. Two Sigma Advisers LP now owns 784,145 shares of the specialty retailer’s stock worth $191,990,000 after buying an additional 513,582 shares during the last quarter. Northern Trust Corp increased its position in Ulta Beauty by 3.9% in the fourth quarter. Northern Trust Corp now owns 662,037 shares of the specialty retailer’s stock worth $162,092,000 after buying an additional 25,150 shares during the last quarter. Finally, Norges Bank purchased a new stake in Ulta Beauty in the fourth quarter worth $125,214,000. 92.55% of the stock is owned by institutional investors.
ULTA has been the subject of a number of recent research reports. BidaskClub raised Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 10th. Wells Fargo & Co raised their target price on Ulta Beauty from $280.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Loop Capital raised their target price on Ulta Beauty to $340.00 and gave the stock a “hold” rating in a research report on Monday, March 18th. They noted that the move was a valuation call. Nomura reissued a “neutral” rating and issued a $311.00 target price (up from $305.00) on shares of Ulta Beauty in a research report on Tuesday, February 19th. They noted that the move was a valuation call. Finally, ValuEngine raised Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Tuesday, January 22nd. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ulta Beauty currently has a consensus rating of “Buy” and an average target price of $343.48.
Ulta Beauty stock opened at $342.45 on Monday. Ulta Beauty Inc has a one year low of $224.43 and a one year high of $359.69. The firm has a market capitalization of $20.12 billion, a PE ratio of 31.56, a P/E/G ratio of 1.46 and a beta of 0.99.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $3.61 EPS for the quarter, topping the Zacks’ consensus estimate of $3.56 by $0.05. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company earned $2.75 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, research analysts anticipate that Ulta Beauty Inc will post 12.79 EPS for the current fiscal year.
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Ulta Beauty Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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