Lake Street Private Wealth LLC Increases Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Lake Street Private Wealth LLC lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,795 shares of the specialty retailer’s stock after buying an additional 88 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Ulta Beauty were worth $3,825,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new position in Ulta Beauty in the 2nd quarter valued at $19,136,000. Jensen Investment Management Inc. boosted its stake in shares of Ulta Beauty by 17.9% during the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $4,409,000 after purchasing an additional 1,720 shares during the period. Distillate Capital Partners LLC bought a new position in shares of Ulta Beauty in the second quarter worth about $14,665,000. Versor Investments LP purchased a new position in Ulta Beauty in the 3rd quarter worth about $793,000. Finally, Stephens Inc. AR increased its stake in Ulta Beauty by 31.0% in the 3rd quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock worth $6,231,000 after buying an additional 3,791 shares during the period. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ULTA shares. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a research note on Tuesday, January 7th. Raymond James lowered their price target on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a report on Monday, October 14th. William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and upped their target price for the stock from $330.00 to $430.00 in a report on Tuesday, January 7th. Finally, DA Davidson lifted their price objective on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $460.30.

Ulta Beauty Trading Down 2.0 %

Shares of NASDAQ ULTA opened at $405.01 on Friday. The stock has a market cap of $18.78 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.00 and a beta of 1.28. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The company has a 50 day simple moving average of $403.63 and a two-hundred day simple moving average of $384.62.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $5.07 earnings per share. Analysts forecast that Ulta Beauty, Inc. will post 23.93 EPS for the current year.

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.