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

New York State Common Retirement Fund cut its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 27,616 shares of the specialty retailer’s stock after selling 4,768 shares during the quarter. New York State Common Retirement Fund’s holdings in Ulta Beauty were worth $12,011,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its holdings in 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 buying an additional 45 shares during the period. Westside Investment Management Inc. grew its holdings in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Ulta Beauty in the third quarter worth $41,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Ulta Beauty during the 4th quarter valued at about $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Ulta Beauty during the fourth quarter valued at approximately $43,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $363.89 on Tuesday. The firm has a market cap of $16.87 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28. The company has a 50 day moving average price of $407.66 and a 200-day moving average price of $387.80. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. The company had revenue of $2.53 billion for 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%. Ulta Beauty’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $5.07 earnings per share. On average, sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 19th. BMO Capital Markets increased their price target on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Loop Capital lifted their price objective on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. Citigroup boosted their target price on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Piper Sandler increased their price objective on Ulta Beauty from $390.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $459.22.

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.