TIAA Trust National Association Lowers Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

TIAA Trust National Association lessened its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & 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 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. lifted its position in Ulta Beauty by 118.4% during the third 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. increased its stake in shares of 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 acquiring an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Ulta Beauty during the 4th quarter worth about $43,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Ulta Beauty in the fourth quarter worth approximately $43,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Ulta Beauty in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. UBS Group upped their price target on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. DA Davidson dropped their target price on shares of Ulta Beauty from $510.00 to $415.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research report on Monday, March 10th. Canaccord Genuity Group dropped their price objective on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Finally, Morgan Stanley reduced their target price on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $427.13.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $370.34 on Friday. The company has a market capitalization of $17.17 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a one year low of $309.01 and a one year high of $529.67. The stock has a 50-day simple moving average of $374.58 and a 200 day simple moving average of $386.37.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the firm earned $8.08 EPS. The business’s revenue was down 1.9% on a year-over-year basis. On average, equities research analysts forecast 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.