Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 0.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,373 shares of the specialty retailer’s stock after selling 465 shares during the quarter. California State Teachers Retirement System owned 0.16% of Ulta Beauty worth $39,411,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ULTA. Turtle Creek Wealth Advisors LLC purchased a new position in Ulta Beauty in the fourth quarter worth approximately $25,000. Vima LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at about $27,000. Riverview Trust Co purchased a new stake in shares of Ulta Beauty in the 1st quarter valued at about $30,000. Sound Income Strategies LLC lifted its holdings in shares of Ulta Beauty by 490.0% in the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 49 shares during the last quarter. Finally, Webster Bank N. A. purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Down 0.7 %

Shares of ULTA stock traded down $2.64 during trading hours on Wednesday, hitting $364.89. 686,379 shares of the company’s stock traded hands, compared to its average volume of 815,744. The stock’s 50 day simple moving average is $386.98 and its 200 day simple moving average is $448.29. The stock has a market cap of $17.41 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.70 and a beta of 1.37. Ulta Beauty, Inc. has a 12 month low of $361.40 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, topping analysts’ consensus estimates of $6.19 by $0.28. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period last year, the company posted $6.88 earnings per share. The business’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 25.66 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the sale, the director now directly owns 2,017 shares in the company, valued at approximately $786,791.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the sale, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jodi J. Caro sold 650 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction of $252,642.00. Following the sale, the insider now directly owns 6,801 shares in the company, valued at $2,643,412.68. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ULTA shares. Barclays dropped their target price on Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating on the stock in a research report on Friday, June 28th. Bank of America reduced their target price on Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Canaccord Genuity Group reduced their target price on Ulta Beauty from $575.00 to $522.00 and set a “buy” rating on the stock in a research note on Wednesday, May 29th. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Citigroup dropped their price objective on Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating for the company in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $497.61.

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.