Teacher Retirement System of Texas reduced its holdings in shares of Ulta Beauty Inc (NASDAQ:ULTA) by 74.5% in the first quarter, HoldingsChannel.com reports. The fund owned 18,904 shares of the specialty retailer’s stock after selling 55,188 shares during the period. Teacher Retirement System of Texas’ holdings in Ulta Beauty were worth $6,592,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Legal & General Group Plc grew its stake in Ulta Beauty by 2.0% in the third quarter. Legal & General Group Plc now owns 272,537 shares of the specialty retailer’s stock valued at $76,900,000 after purchasing an additional 5,295 shares in the last quarter. Legacy Financial Advisors Inc. grew its stake in Ulta Beauty by 1,270.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 137 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 127 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Ulta Beauty by 254.6% in the fourth quarter. Meeder Asset Management Inc. now owns 1,085 shares of the specialty retailer’s stock valued at $266,000 after purchasing an additional 779 shares in the last quarter. Diversified Trust Co lifted its position in shares of Ulta Beauty by 9.8% in the fourth quarter. Diversified Trust Co now owns 1,120 shares of the specialty retailer’s stock worth $274,000 after buying an additional 100 shares during the last quarter. Finally, Landsberg Bennett & Dubbaneh LLC acquired a new stake in shares of Ulta Beauty in the fourth quarter worth about $566,000. 92.55% of the stock is owned by institutional investors.
In related news, Director Catherine Ann Halligan sold 704 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $342.97, for a total transaction of $241,450.88. Following the completion of the transaction, the director now owns 10,423 shares of the company’s stock, valued at approximately $3,574,776.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey J. Childs sold 9,757 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $333.89, for a total value of $3,257,764.73. Following the transaction, the insider now directly owns 13,671 shares of the company’s stock, valued at approximately $4,564,610.19. The disclosure for this sale can be found here. Insiders have sold a total of 426,250 shares of company stock valued at $143,394,373 in the last three months. 5.60% of the stock is owned by insiders.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.56 by $0.05. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the firm earned $2.75 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. Analysts forecast that Ulta Beauty Inc will post 12.79 earnings per share for the current fiscal year.
A number of brokerages have weighed in on ULTA. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $388.00 price target for the company in a research report on Thursday, May 9th. BidaskClub raised Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 10th. Guggenheim reaffirmed a “buy” rating and issued a $375.00 price target (up previously from $350.00) on shares of Ulta Beauty in a research report on Tuesday, May 14th. Piper Jaffray Companies boosted their price target on Ulta Beauty from $362.00 to $378.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $395.00 price target (up previously from $365.00) on shares of Ulta Beauty in a research report on Thursday, April 18th. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Ulta Beauty currently has a consensus rating of “Buy” and a consensus price target of $343.48.
About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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