Ulta Beauty, Inc. (NASDAQ:ULTA) Holdings Lowered by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,346 shares of the specialty retailer’s stock after selling 6,499 shares during the period. California Public Employees Retirement System owned approximately 0.18% of Ulta Beauty worth $36,250,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cornerstone Investment Partners LLC boosted its stake in Ulta Beauty by 3.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 25 shares in the last quarter. RWA Wealth Partners LLC grew its holdings in Ulta Beauty by 1.5% during the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer’s stock worth $812,000 after acquiring an additional 28 shares during the period. Stonegate Investment Group LLC raised its position in Ulta Beauty by 0.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after acquiring an additional 34 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in Ulta Beauty by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock valued at $685,000 after acquiring an additional 34 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its position in shares of Ulta Beauty by 121.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the sale, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. This represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of research reports. Piper Sandler dropped their target price on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Bank of America cut their price objective on Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Citigroup decreased their target price on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Oppenheimer upped their target price on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $427.61.

Ulta Beauty Trading Up 2.3 %

ULTA stock opened at $382.51 on Thursday. The firm has a market cap of $17.74 billion, a PE ratio of 15.31, a PEG ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1 year low of $309.01 and a 1 year high of $474.12. The company has a fifty day simple moving average of $371.22 and a 200 day simple moving average of $386.30.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping analysts’ consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.08 earnings per share. As a group, analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

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.