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

Lake Street Private Wealth LLC boosted its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,795 shares of the specialty retailer’s stock after purchasing an additional 88 shares during the period. Lake Street Private Wealth LLC’s holdings in Ulta Beauty were worth $3,825,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Paladin Wealth LLC bought a new stake in shares of Ulta Beauty during the 3rd quarter valued at $32,000. Sunbelt Securities Inc. grew its holdings in Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. grew its holdings in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Ulta Beauty in the fourth quarter worth about $43,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Ulta Beauty in the third quarter worth about $41,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of recent research reports. Barclays boosted their price objective on Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. Piper Sandler upped their price target on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Stifel Nicolaus raised their price objective on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. TD Cowen upped their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, UBS Group raised their price target on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Ulta Beauty presently has a consensus rating of “Hold” and an average price target of $460.30.

Ulta Beauty Trading Down 2.0 %

Shares of NASDAQ:ULTA opened at $405.01 on Friday. The company has a 50-day moving average price of $403.63 and a 200 day moving average price of $384.62. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76. The company has a market cap of $18.78 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.00 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results 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 firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’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 company posted $5.07 EPS. As a group, equities analysts forecast that Ulta Beauty, Inc. will post 23.93 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.