Teachers Retirement System of The State of Kentucky Increases Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Teachers Retirement System of The State of Kentucky boosted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 459.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,225 shares of the specialty retailer’s stock after acquiring an additional 24,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Ulta Beauty were worth $8,392,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Procyon Private Wealth Partners LLC raised its position in Ulta Beauty by 2.9% in the 4th quarter. Procyon Private Wealth Partners LLC now owns 1,407 shares of the specialty retailer’s stock valued at $404,000 after purchasing an additional 40 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Ulta Beauty by 0.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,976 shares of the specialty retailer’s stock valued at $2,003,000 after purchasing an additional 40 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Ulta Beauty by 18.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 281 shares of the specialty retailer’s stock valued at $81,000 after purchasing an additional 44 shares in the last quarter. O Brien Greene & Co. Inc raised its position in Ulta Beauty by 0.3% in the 4th quarter. O Brien Greene & Co. Inc now owns 16,839 shares of the specialty retailer’s stock valued at $4,836,000 after purchasing an additional 48 shares in the last quarter. Finally, Covenant Partners LLC raised its position in Ulta Beauty by 3.6% in the 4th quarter. Covenant Partners LLC now owns 1,908 shares of the specialty retailer’s stock valued at $548,000 after purchasing an additional 67 shares in the last quarter. 86.83% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on the company. UBS Group raised their target price on Ulta Beauty from $335.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, March 8th. Telsey Advisory Group raised their target price on Ulta Beauty from $315.00 to $375.00 and gave the stock an “outperform” rating in a research report on Monday, March 8th. BMO Capital Markets raised their target price on Ulta Beauty from $265.00 to $310.00 and gave the stock a “market perform” rating in a research report on Friday, March 12th. Wells Fargo & Company raised their target price on Ulta Beauty from $330.00 to $356.00 and gave the stock an “overweight” rating in a research report on Thursday, March 18th. Finally, OTR Global upgraded Ulta Beauty to a “positive” rating in a research note on Friday, March 5th. Nine investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $310.08.

In related news, Director Lorna Nagler sold 4,000 shares of Ulta Beauty stock in a transaction that occurred on Wednesday, March 17th. The stock was sold at an average price of $315.90, for a total value of $1,263,600.00. Following the sale, the director now directly owns 10,963 shares in the company, valued at $3,463,211.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Charles Heilbronn sold 226,791 shares of Ulta Beauty stock in a transaction that occurred on Friday, March 26th. The shares were sold at an average price of $304.23, for a total value of $68,996,625.93. Following the completion of the sale, the director now owns 60,963 shares in the company, valued at $18,546,773.49. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 496,148 shares of company stock worth $151,602,430. Company insiders own 4.70% of the company’s stock.

Shares of ULTA stock opened at $316.11 on Thursday. The business’s 50 day moving average is $321.54 and its two-hundred day moving average is $278.70. Ulta Beauty, Inc. has a twelve month low of $186.01 and a twelve month high of $351.00. The company has a market capitalization of $17.77 billion, a P/E ratio of 79.83, a price-to-earnings-growth ratio of 6.44 and a beta of 1.73.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Wednesday, March 10th. The specialty retailer reported $3.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.27 by $1.14. Ulta Beauty had a return on equity of 15.94% and a net margin of 3.63%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the business earned $3.89 earnings per share. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. Research analysts expect that Ulta Beauty, Inc. will post 3.94 EPS for the current year.

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; professional hair products; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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