Carret Asset Management LLC Purchases 327 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Carret Asset Management LLC lifted its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,041 shares of the specialty retailer’s stock after acquiring an additional 327 shares during the quarter. Carret Asset Management LLC’s holdings in Ulta Beauty were worth $2,627,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cornerstone Investment Partners LLC boosted its position in Ulta Beauty by 3.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 25 shares in the last quarter. Stonegate Investment Group LLC increased its stake in shares of Ulta Beauty by 0.5% in the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after acquiring an additional 34 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in shares of Ulta Beauty by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,576 shares of the specialty retailer’s stock worth $685,000 after acquiring an additional 34 shares during the last quarter. Clear Creek Financial Management LLC increased its stake in shares of Ulta Beauty by 4.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer’s stock worth $362,000 after acquiring an additional 35 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. increased its stake in shares of Ulta Beauty by 4.2% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 861 shares of the specialty retailer’s stock worth $374,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Down 4.5 %

Shares of ULTA opened at $314.47 on Friday. The firm’s 50-day moving average price is $386.49 and its 200-day moving average price is $386.82. The firm has a market capitalization of $14.58 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.89 and a beta of 1.34. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the company posted $8.08 EPS. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on ULTA. B. Riley upgraded Ulta Beauty from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $330.00 to $430.00 in a research note on Tuesday, January 7th. DA Davidson upped their target price on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Telsey Advisory Group restated an “outperform” rating and set a $500.00 price target on shares of Ulta Beauty in a research note on Monday. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Oppenheimer increased their target price on Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $459.22.

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.