Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 10.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 18,717 shares of the specialty retailer’s stock after selling 2,125 shares during the period. Public Employees Retirement System of Ohio’s holdings in Ulta Beauty were worth $7,283,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Dynamic Advisor Solutions LLC boosted its holdings in shares of Ulta Beauty by 28.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 826 shares of the specialty retailer’s stock worth $319,000 after purchasing an additional 183 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in Ulta Beauty by 3.7% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,390 shares of the specialty retailer’s stock worth $537,000 after purchasing an additional 49 shares in the last quarter. AdvisorNet Financial Inc increased its position in Ulta Beauty by 5.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock worth $268,000 after purchasing an additional 33 shares in the last quarter. Swedbank AB raised its holdings in Ulta Beauty by 107.0% in the second quarter. Swedbank AB now owns 240,191 shares of the specialty retailer’s stock valued at $92,683,000 after buying an additional 124,164 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Ulta Beauty by 152.7% during the second quarter. Assenagon Asset Management S.A. now owns 87,049 shares of the specialty retailer’s stock valued at $33,590,000 after buying an additional 52,597 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Bank of America lowered their price target on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Loop Capital upped their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Monday. Oppenheimer lifted their price objective on shares of Ulta Beauty from $435.00 to $505.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Raymond James decreased their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Ulta Beauty has an average rating of “Hold” and an average price target of $439.30.

Ulta Beauty Stock Down 1.4 %

ULTA opened at $423.91 on Friday. The company’s 50-day moving average price is $376.51 and its 200 day moving average price is $377.50. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The firm has a market cap of $19.66 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 2.42 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the firm earned $5.07 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. Research analysts anticipate that Ulta Beauty, Inc. will post 23.57 earnings per share for the current 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.