New York State Common Retirement Fund Sells 4,768 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

New York State Common Retirement Fund reduced its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,616 shares of the specialty retailer’s stock after selling 4,768 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of Ulta Beauty worth $12,011,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Venturi Wealth Management LLC boosted its holdings in Ulta Beauty by 94.1% during the 4th quarter. Venturi Wealth Management LLC now owns 165 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 80 shares during the last quarter. Evergreen Wealth Management LLC increased its position in Ulta Beauty by 5.1% in the fourth quarter. Evergreen Wealth Management LLC now owns 2,170 shares of the specialty retailer’s stock worth $944,000 after buying an additional 106 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Ulta Beauty by 7.8% in the 4th quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer’s stock valued at $1,663,000 after acquiring an additional 288 shares during the period. Allworth Financial LP raised its position in shares of Ulta Beauty by 55.1% in the fourth quarter. Allworth Financial LP now owns 214 shares of the specialty retailer’s stock valued at $90,000 after purchasing an additional 76 shares during the period. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth $652,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ULTA. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 7th. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Piper Sandler lifted their target price on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. BMO Capital Markets boosted their price objective on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. 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 assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $459.22.

Ulta Beauty Price Performance

ULTA opened at $363.89 on Tuesday. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The stock has a 50-day moving average price of $407.66 and a 200-day moving average price of $387.80. The firm has a market cap of $16.87 billion, a PE ratio of 14.56, a P/E/G ratio of 0.89 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $5.07 EPS. As a group, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.