Teachers Retirement System of The State of Kentucky Has $13.39 Million Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Teachers Retirement System of The State of Kentucky cut its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 46.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,709 shares of the specialty retailer’s stock after selling 29,879 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.07% of Ulta Beauty worth $13,393,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Janiczek Wealth Management LLC boosted its holdings in shares of Ulta Beauty by 32.5% during the 1st quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock valued at $53,000 after acquiring an additional 25 shares in the last quarter. Meeder Advisory Services Inc. grew its holdings in shares of Ulta Beauty by 5.8% during the first quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock worth $250,000 after purchasing an additional 26 shares during the last quarter. Sage Capital Advisors llc increased its stake in shares of Ulta Beauty by 5.4% in the second quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock valued at $203,000 after buying an additional 27 shares during the period. Wedmont Private Capital raised its holdings in Ulta Beauty by 2.9% in the 1st quarter. Wedmont Private Capital now owns 993 shares of the specialty retailer’s stock valued at $519,000 after buying an additional 28 shares during the last quarter. Finally, Greenleaf Trust boosted its position in Ulta Beauty by 2.8% during the 1st quarter. Greenleaf Trust now owns 1,040 shares of the specialty retailer’s stock worth $544,000 after buying an additional 28 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $379.13 on Wednesday. The company has a market cap of $17.86 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 2.31 and a beta of 1.31. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76. The firm has a fifty day moving average price of $368.15 and a two-hundred day moving average price of $399.34.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the company earned $6.02 earnings per share. Ulta Beauty’s revenue was up .9% compared to the same quarter last year. Equities research analysts expect that Ulta Beauty, Inc. will post 23.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several analyst reports. Robert W. Baird dropped their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. The Goldman Sachs Group lowered their target price on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. BMO Capital Markets dropped their price target on shares of Ulta Beauty from $500.00 to $385.00 and set a “market perform” rating on the stock in a research report on Friday, August 30th. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Telsey Advisory Group dropped their target price on shares of Ulta Beauty from $500.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $425.29.

Ulta Beauty Company 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.