Teacher Retirement System of Texas Has $2.49 Million Stock Position in Ulta Beauty Inc. (NASDAQ:ULTA)

Teacher Retirement System of Texas decreased its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 62.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,786 shares of the specialty retailer’s stock after selling 11,391 shares during the period. Teacher Retirement System of Texas’ holdings in Ulta Beauty were worth $2,487,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Ulta Beauty by 17.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer’s stock worth $2,190,000 after acquiring an additional 924 shares during the last quarter. Kingswood Wealth Advisors LLC grew its position in Ulta Beauty by 14.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer’s stock worth $435,000 after acquiring an additional 152 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Ulta Beauty by 128.9% during the 1st quarter. Farther Finance Advisors LLC now owns 737 shares of the specialty retailer’s stock worth $275,000 after purchasing an additional 415 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Ulta Beauty by 26.4% during the 4th quarter. Alliancebernstein L.P. now owns 73,137 shares of the specialty retailer’s stock valued at $31,809,000 after purchasing an additional 15,258 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Ulta Beauty by 6.0% in the 1st quarter. GAMMA Investing LLC now owns 1,210 shares of the specialty retailer’s stock valued at $444,000 after purchasing an additional 69 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $475.57 on Thursday. The firm has a 50 day simple moving average of $442.52 and a 200 day simple moving average of $403.11. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $498.52. The firm has a market cap of $21.38 billion, a P/E ratio of 18.58, a P/E/G ratio of 2.93 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, topping analysts’ consensus estimates of $5.73 by $0.97. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the firm posted $6.47 earnings per share. Ulta Beauty’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, sell-side analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analyst Upgrades and Downgrades

ULTA has been the topic of several recent research reports. Citigroup raised their target price on Ulta Beauty from $425.00 to $450.00 and gave the company a “neutral” rating in a report on Friday, May 30th. Robert W. Baird lifted their price target on shares of Ulta Beauty from $440.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, May 30th. BMO Capital Markets lowered their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a research note on Friday, March 14th. Stifel Nicolaus cut their target price on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a research report on Friday, March 14th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $520.00 price target on shares of Ulta Beauty in a report on Thursday, June 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $465.04.

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.