Kentucky Retirement Systems Insurance Trust Fund Sells 151 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Kentucky Retirement Systems Insurance Trust Fund trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,603 shares of the specialty retailer’s stock after selling 151 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Ulta Beauty were worth $838,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ULTA. Norges Bank bought a new stake in shares of Ulta Beauty during the 4th quarter worth $263,192,000. Global Assets Advisory LLC bought a new stake in shares of Ulta Beauty during the 1st quarter worth $176,753,000. International Assets Investment Management LLC lifted its holdings in shares of Ulta Beauty by 45,740.3% during the 4th quarter. International Assets Investment Management LLC now owns 291,544 shares of the specialty retailer’s stock worth $142,854,000 after acquiring an additional 290,908 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of Ulta Beauty by 177.8% during the 4th quarter. TD Asset Management Inc now owns 407,347 shares of the specialty retailer’s stock worth $199,596,000 after acquiring an additional 260,740 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Ulta Beauty by 210.4% during the 1st quarter. Los Angeles Capital Management LLC now owns 271,550 shares of the specialty retailer’s stock worth $141,988,000 after acquiring an additional 184,060 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Price Performance

NASDAQ:ULTA traded down $5.12 during mid-day trading on Monday, hitting $364.34. 333,502 shares of the company’s stock were exchanged, compared to its average volume of 810,881. Ulta Beauty, Inc. has a one year low of $362.49 and a one year high of $574.76. The business has a fifty day moving average price of $387.66 and a 200 day moving average price of $449.91. The company has a market cap of $17.39 billion, a PE ratio of 14.41, a P/E/G ratio of 1.71 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, topping the consensus estimate of $6.19 by $0.28. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the previous year, the firm posted $6.88 earnings per share. Ulta Beauty’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities analysts forecast that Ulta Beauty, Inc. will post 25.66 EPS for the current fiscal year.

Insider Transactions at Ulta Beauty

In other news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the transaction, the insider now owns 6,801 shares in the company, valued at $2,643,412.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the transaction, the insider now owns 6,801 shares in the company, valued at $2,643,412.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now owns 2,017 shares in the company, valued at approximately $786,791.36. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ULTA shares. TD Cowen decreased their target price on shares of Ulta Beauty from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. JPMorgan Chase & Co. lifted their target price on shares of Ulta Beauty from $530.00 to $544.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. The Goldman Sachs Group decreased their target price on shares of Ulta Beauty from $605.00 to $476.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 14th. Bank of America decreased their target price on shares of Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. Finally, Barclays decreased their price objective on shares of Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating on the stock in a research report on Friday, June 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $497.61.

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.