Lifestyle Asset Management Inc. Has $1.22 Million Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Lifestyle Asset Management Inc. lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 16.8% during the 4th quarter, HoldingsChannel reports. The fund owned 2,815 shares of the specialty retailer’s stock after acquiring an additional 405 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Ulta Beauty were worth $1,224,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Paladin Wealth LLC acquired a new stake in Ulta Beauty during the third quarter worth about $32,000. Sunbelt Securities Inc. grew its stake 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 in the last quarter. Westside Investment Management Inc. grew its stake in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 50 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Ulta Beauty during the third quarter worth about $41,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in Ulta Beauty during the fourth quarter worth about $43,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of analyst reports. BMO Capital Markets increased their price objective on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Bank of America raised their price target on shares of Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Raymond James reduced their price target on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Finally, Stifel Nicolaus raised their price target on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of “Hold” and an average target price of $459.22.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $418.55 on Friday. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76. The firm has a 50 day moving average price of $406.08 and a two-hundred day moving average price of $385.23. The firm has a market cap of $19.41 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.00 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.69. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.07 EPS. As a group, equities research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal 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.