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

Lake Street Private Wealth LLC increased its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.9% in the third quarter, Holdings Channel.com reports. The firm owned 8,707 shares of the specialty retailer’s stock after purchasing an additional 330 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Ulta Beauty were worth $3,388,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in Ulta Beauty in the 1st quarter valued at about $30,000. Sound Income Strategies LLC boosted its position in Ulta Beauty by 490.0% in the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 49 shares during the period. LRI Investments LLC purchased a new stake in Ulta Beauty in the 1st quarter valued at about $31,000. UMB Bank n.a. raised its holdings in shares of Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Ulta Beauty in the 2nd quarter valued at about $32,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Trading Down 0.0 %

Ulta Beauty stock traded down $0.02 during midday trading on Wednesday, hitting $364.99. 206,553 shares of the stock were exchanged, compared to its average volume of 970,815. The stock has a market capitalization 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 stock’s 50-day simple moving average is $375.55 and its 200 day simple moving average is $384.90. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

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

Analysts Set New Price Targets

ULTA has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Loop Capital cut their price target on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price target on shares of Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research note on Monday. Barclays upped their price target on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Finally, Wells Fargo & Company dropped their price objective on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and an average price target of $420.71.

About Ulta Beauty

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.