Ulta Beauty, Inc. (NASDAQ:ULTA) Stock Holdings Lowered by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,511 shares of the specialty retailer’s stock after selling 222 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Ulta Beauty were worth $1,092,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ULTA. Sunbelt Securities Inc. raised its holdings in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of Ulta Beauty by 151.5% in the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Edge Capital Group LLC bought a new stake in shares of Ulta Beauty in the 4th quarter worth approximately $33,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Ulta Beauty in the 3rd quarter worth approximately $41,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Ulta Beauty in the fourth quarter worth approximately $43,000. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Up 2.8 %

Shares of ULTA opened at $350.57 on Friday. The company’s fifty day moving average is $377.57 and its 200-day moving average is $386.36. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $529.67. The firm has a market cap of $16.26 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping the consensus estimate of $7.13 by $1.33. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $8.08 EPS. As a group, research analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Cowen boosted their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Barclays cut their price target on shares of Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. UBS Group boosted their price target on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company cut their price target on shares of Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Finally, StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Ulta Beauty currently has an average rating of “Hold” and a consensus target price of $427.13.

Ulta Beauty Profile

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.