Teachers Retirement System of The State of Kentucky Buys 24,000 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)


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Teachers Retirement System of The State of Kentucky boosted its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 459.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,225 shares of the specialty retailer’s stock after purchasing an additional 24,000 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.05% of Ulta Beauty worth $8,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of ULTA. Wolff Wiese Magana LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $25,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $26,000. Gemmer Asset Management LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $40,000. Truvestments Capital LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $40,000. Finally, Montag A & Associates Inc. purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $43,000. 86.83% of the stock is currently owned by institutional investors.

In related news, Director Lorna Nagler sold 4,000 shares of the stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $315.90, for a total value of $1,263,600.00. Following the completion of the transaction, the director now directly owns 10,963 shares of the company’s stock, valued at approximately $3,463,211.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles Heilbronn sold 226,791 shares of the stock in a transaction on Friday, March 26th. The shares were sold at an average price of $304.23, for a total value of $68,996,625.93. Following the completion of the transaction, the director now directly owns 60,963 shares of the company’s stock, valued at $18,546,773.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 496,148 shares of company stock valued at $151,602,430. Corporate insiders own 4.70% of the company’s stock.

Shares of ULTA stock opened at $316.11 on Thursday. The company has a market cap of $17.77 billion, a price-to-earnings ratio of 79.83, a PEG ratio of 6.44 and a beta of 1.73. The stock has a 50 day simple moving average of $321.54 and a 200-day simple moving average of $278.70. Ulta Beauty, Inc. has a 1-year low of $186.01 and a 1-year high of $351.00.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Wednesday, March 10th. The specialty retailer reported $3.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $1.14. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.08 billion. Ulta Beauty had a return on equity of 15.94% and a net margin of 3.63%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.89 EPS. On average, research analysts forecast that Ulta Beauty, Inc. will post 3.94 EPS for the current year.

ULTA has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on Ulta Beauty from $270.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Monday, March 22nd. Barclays upped their target price on Ulta Beauty from $298.00 to $361.00 and gave the company an “overweight” rating in a research report on Thursday, March 18th. Telsey Advisory Group upped their target price on Ulta Beauty from $315.00 to $375.00 and gave the company an “outperform” rating in a research report on Monday, March 8th. DA Davidson upped their target price on Ulta Beauty from $310.00 to $361.00 and gave the company a “buy” rating in a research report on Friday, March 12th. Finally, BMO Capital Markets upped their target price on Ulta Beauty from $265.00 to $310.00 and gave the company a “market perform” rating in a research report on Friday, March 12th. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $310.08.

Ulta Beauty Profile

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; professional hair products; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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