Public Employees Retirement System of Ohio Sells 4,075 Shares of Ulta Beauty Inc. (ULTA)

Public Employees Retirement System of Ohio trimmed its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 9.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,872 shares of the specialty retailer’s stock after selling 4,075 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of Ulta Beauty worth $11,169,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp grew its stake in Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 40 shares during the period. Sun Life Financial INC grew its stake in Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 419 shares during the period. FNY Partners Fund LP purchased a new stake in Ulta Beauty in the first quarter worth $142,000. Lazard Asset Management LLC purchased a new stake in Ulta Beauty in the second quarter worth $157,000. Finally, QS Investors LLC grew its stake in Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 6 shares during the period. 87.70% of the stock is currently owned by institutional investors.

In other news, Director Michael R. Macdonald purchased 2,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were acquired at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the purchase, the director now owns 6,224 shares in the company, valued at $1,296,894.88. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles Heilbronn purchased 127,889 shares of the company’s stock in a transaction on Friday, October 13th. The shares were purchased at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The disclosure for this purchase can be found here. 5.20% of the stock is currently owned by insiders.

Ulta Beauty Inc. (NASDAQ:ULTA) opened at 198.12 on Thursday. The company has a market cap of $12.17 billion, a P/E ratio of 26.37 and a beta of 0.57. Ulta Beauty Inc. has a 12-month low of $187.96 and a 12-month high of $314.86. The firm has a 50-day moving average price of $219.01 and a 200-day moving average price of $261.06.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 EPS. On average, analysts forecast that Ulta Beauty Inc. will post $8.38 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Public Employees Retirement System of Ohio Sells 4,075 Shares of Ulta Beauty Inc. (ULTA)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/19/public-employees-retirement-system-of-ohio-sells-4075-shares-of-ulta-beauty-inc-ulta.html.

ULTA has been the topic of several recent research reports. Jefferies Group LLC set a $350.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, August 14th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $330.00 price target on shares of Ulta Beauty in a research note on Monday, August 21st. Stifel Nicolaus reduced their price target on Ulta Beauty from $325.00 to $270.00 and set a “hold” rating on the stock in a research note on Monday, August 21st. Morgan Stanley reduced their price target on Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating on the stock in a research note on Monday, August 28th. Finally, Robert W. Baird set a $335.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $273.70.

About Ulta Beauty

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of

Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp grew its stake in Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 40 shares during the period. Sun Life Financial INC grew its stake in Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 419 shares during the period. FNY Partners Fund LP purchased a new stake in Ulta Beauty in the first quarter worth $142,000. Lazard Asset Management LLC purchased a new stake in Ulta Beauty in the second quarter worth $157,000. Finally, QS Investors LLC grew its stake in Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 6 shares during the period. 87.70% of the stock is currently owned by institutional investors.

In other news, Director Michael R. Macdonald purchased 2,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were acquired at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the purchase, the director now owns 6,224 shares in the company, valued at $1,296,894.88. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles Heilbronn purchased 127,889 shares of the company’s stock in a transaction on Friday, October 13th. The shares were purchased at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The disclosure for this purchase can be found here. 5.20% of the stock is currently owned by insiders.

Ulta Beauty Inc. (NASDAQ:ULTA) opened at 198.12 on Thursday. The company has a market cap of $12.17 billion, a P/E ratio of 26.37 and a beta of 0.57. Ulta Beauty Inc. has a 12-month low of $187.96 and a 12-month high of $314.86. The firm has a 50-day moving average price of $219.01 and a 200-day moving average price of $261.06.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 EPS. On average, analysts forecast that Ulta Beauty Inc. will post $8.38 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Public Employees Retirement System of Ohio Sells 4,075 Shares of Ulta Beauty Inc. (ULTA)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/19/public-employees-retirement-system-of-ohio-sells-4075-shares-of-ulta-beauty-inc-ulta.html.

ULTA has been the topic of several recent research reports. Jefferies Group LLC set a $350.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, August 14th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $330.00 price target on shares of Ulta Beauty in a research note on Monday, August 21st. Stifel Nicolaus reduced their price target on Ulta Beauty from $325.00 to $270.00 and set a “hold” rating on the stock in a research note on Monday, August 21st. Morgan Stanley reduced their price target on Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating on the stock in a research note on Monday, August 28th. Finally, Robert W. Baird set a $335.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $273.70.

About Ulta Beauty

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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