Creative Financial Designs Inc. ADV Raises Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Creative Financial Designs Inc. ADV lifted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 19.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 395 shares of the specialty retailer’s stock after purchasing an additional 63 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Ulta Beauty were worth $172,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in shares of Ulta Beauty by 28.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 37 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of Ulta Beauty during the 3rd quarter worth $4,480,000. Thrivent Financial for Lutherans lifted its position in shares of Ulta Beauty by 382.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 10,698 shares of the specialty retailer’s stock worth $4,163,000 after purchasing an additional 8,481 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Ulta Beauty by 11.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 17,531 shares of the specialty retailer’s stock worth $6,822,000 after purchasing an additional 1,768 shares during the last quarter. Finally, Blueshift Asset Management LLC lifted its position in shares of Ulta Beauty by 1,052.6% during the 3rd quarter. Blueshift Asset Management LLC now owns 8,218 shares of the specialty retailer’s stock worth $3,198,000 after purchasing an additional 7,505 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on ULTA. Oppenheimer lifted their price objective on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Loop Capital boosted their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Stifel Nicolaus reduced their price target on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating for the company in a research report on Friday, March 14th. Barclays reduced their price target on shares of Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating for the company in a research report on Friday, March 14th. Finally, Canaccord Genuity Group reduced their price target on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating for the company in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $427.13.

Ulta Beauty Trading Down 0.0 %

Shares of ULTA opened at $343.72 on Thursday. The firm’s 50-day moving average is $380.41 and its two-hundred day moving average is $386.50. Ulta Beauty, Inc. has a twelve month low of $309.01 and a twelve month high of $532.70. The firm has a market capitalization of $15.94 billion, a P/E ratio of 13.75, a PEG ratio of 0.89 and a beta of 1.34.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the business posted $8.08 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

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.