California State Teachers Retirement System lowered its position in Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) by 3.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 67,365 shares of the specialty retailer’s stock after selling 2,569 shares during the period. California State Teachers Retirement System’s holdings in Ulta Beauty were worth $35,212,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Ulta Beauty during the 4th quarter valued at about $430,963,000. Atria Investments Inc raised its holdings in Ulta Beauty by 42.7% during the 4th quarter. Atria Investments Inc now owns 6,996 shares of the specialty retailer’s stock worth $4,233,000 after buying an additional 2,093 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in Ulta Beauty by 27.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 271,671 shares of the specialty retailer’s stock valued at $164,364,000 after buying an additional 58,719 shares in the last quarter. Andrew Hill Investment Advisors Inc. acquired a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $1,903,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Ulta Beauty by 97.3% in the first quarter. Janney Montgomery Scott LLC now owns 35,739 shares of the specialty retailer’s stock valued at $18,681,000 after buying an additional 17,625 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.
Ulta Beauty Price Performance
Ulta Beauty stock opened at $512.83 on Friday. The company has a market cap of $22.05 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 1.61 and a beta of 0.88. The firm has a 50-day moving average of $477.49 and a 200-day moving average of $553.64. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97.
Insider Activity
In other news, Director George R. Mrkonic, Jr. sold 383 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $475.84, for a total value of $182,246.72. Following the completion of the sale, the director owned 2,404 shares of the company’s stock, valued at approximately $1,143,919.36. This represents a 13.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Morgan Stanley cut their price objective on shares of Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. TD Cowen reissued a “buy” rating on shares of Ulta Beauty in a research note on Tuesday, July 21st. Wedbush initiated coverage on Ulta Beauty in a research report on Monday, April 20th. They set an “outperform” rating for the company. Guggenheim started coverage on Ulta Beauty in a report on Monday, April 20th. They set a “buy” rating for the company. Finally, B. Riley Financial cut their target price on Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $638.09.
Check Out Our Latest Analysis on ULTA
About Ulta Beauty
Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.
The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.
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