Lake Street Private Wealth LLC Boosts Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Lake Street Private Wealth LLC raised its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,707 shares of the specialty retailer’s stock after buying an additional 330 shares during the period. Lake Street Private Wealth LLC’s holdings in Ulta Beauty were worth $3,388,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ULTA. Guidance Capital Inc. increased its stake in shares of Ulta Beauty by 5.9% during the third quarter. Guidance Capital Inc. now owns 1,823 shares of the specialty retailer’s stock valued at $673,000 after purchasing an additional 102 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Ulta Beauty by 258.2% during the third quarter. Greenleaf Trust now owns 3,629 shares of the specialty retailer’s stock valued at $1,412,000 after buying an additional 2,616 shares during the last quarter. Lecap Asset Management Ltd. purchased a new stake in shares of Ulta Beauty during the third quarter valued at approximately $691,000. Liberty Capital Management Inc. grew its holdings in shares of Ulta Beauty by 1.3% during the third quarter. Liberty Capital Management Inc. now owns 9,323 shares of the specialty retailer’s stock valued at $3,628,000 after buying an additional 116 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of Ulta Beauty by 14.5% during the third quarter. Private Advisor Group LLC now owns 11,473 shares of the specialty retailer’s stock valued at $4,464,000 after buying an additional 1,451 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Price Performance

Shares of ULTA stock traded down $0.02 on Wednesday, hitting $364.99. 206,553 shares of the stock traded hands, compared to its average volume of 970,815. The firm has a market cap of $17.20 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 2.12 and a beta of 1.32. The firm has a 50 day simple moving average of $375.55 and a two-hundred day simple moving average of $384.90. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.02 earnings per share. Sell-side analysts forecast that Ulta Beauty, Inc. will post 23.06 EPS for the current year.

Analyst Ratings Changes

ULTA has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their price target on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Barclays raised their target price on shares of Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Canaccord Genuity Group dropped their target price on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. BMO Capital Markets set a $385.00 target price on shares of Ulta Beauty in a report on Thursday, October 17th. Finally, B. Riley assumed coverage on shares of Ulta Beauty in a research note on Tuesday, September 10th. They set a “sell” rating and a $300.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty has an average rating of “Hold” and a consensus target price of $420.71.

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.