Kentucky Retirement Systems Sells 288 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Kentucky Retirement Systems reduced its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,324 shares of the specialty retailer’s stock after selling 288 shares during the period. Kentucky Retirement Systems’ holdings in Ulta Beauty were worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ULTA. UMB Bank n.a. lifted its holdings in shares of Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after buying an additional 30 shares in the last quarter. LRI Investments LLC acquired a new stake in Ulta Beauty in the 1st quarter worth about $31,000. Innealta Capital LLC bought a new stake in Ulta Beauty in the 2nd quarter valued at about $32,000. Paladin Wealth LLC acquired a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $32,000. Finally, Oakworth Capital Inc. bought a new position in shares of Ulta Beauty during the second quarter worth approximately $36,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. Piper Sandler increased their target price on Ulta Beauty from $356.00 to $357.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. boosted their price target on Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. B. Riley assumed coverage on shares of Ulta Beauty in a research note on Tuesday, September 10th. They set a “sell” rating and a $300.00 price objective on the stock. Finally, Barclays boosted their target price on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $420.71.

Ulta Beauty Stock Performance

ULTA stock opened at $353.35 on Tuesday. The company has a market capitalization of $16.65 billion, a P/E ratio of 14.18, a PEG ratio of 2.10 and a beta of 1.33. The company has a fifty day moving average price of $379.50 and a 200-day moving average price of $378.71. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.02 earnings per share. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.07 earnings per share 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.