Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by TIAA Trust National Association

TIAA Trust National Association trimmed its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,104 shares of the specialty retailer’s stock after selling 48 shares during the quarter. TIAA Trust National Association’s holdings in Ulta Beauty were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in ULTA. Cerity Partners LLC boosted its holdings in shares of Ulta Beauty by 93.6% during the third quarter. Cerity Partners LLC now owns 6,856 shares of the specialty retailer’s stock valued at $2,668,000 after acquiring an additional 3,315 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Ulta Beauty during the 3rd quarter valued at about $41,000. The Manufacturers Life Insurance Company grew its position in Ulta Beauty by 0.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 96,492 shares of the specialty retailer’s stock worth $37,547,000 after purchasing an additional 367 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Ulta Beauty in the third quarter valued at approximately $57,000. Finally, Cadence Bank raised its holdings in shares of Ulta Beauty by 24.4% during the third quarter. Cadence Bank now owns 1,553 shares of the specialty retailer’s stock valued at $604,000 after buying an additional 305 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. TD Cowen raised their target price on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. DA Davidson lowered their price target on Ulta Beauty from $510.00 to $415.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Citigroup reduced their price objective on shares of Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Piper Sandler lowered their target price on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Finally, B. Riley reduced their price target on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $427.13.

Ulta Beauty Price Performance

ULTA stock opened at $370.34 on Friday. The firm has a market capitalization of $17.17 billion, a P/E ratio of 14.82, a P/E/G ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 52-week low of $309.01 and a 52-week high of $529.67. The company’s 50 day simple moving average is $374.58 and its 200-day simple moving average is $386.37.

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

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.