Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC boosted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,521 shares of the specialty retailer’s stock after purchasing an additional 726 shares during the period. Lake Street Private Wealth LLC’s holdings in Ulta Beauty were worth $3,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULTA. Cornerstone Investment Partners LLC lifted its holdings in shares of 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 acquiring an additional 25 shares during the last quarter. RWA Wealth Partners LLC lifted its holdings in shares of Ulta Beauty by 1.5% in the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer’s stock worth $812,000 after acquiring an additional 28 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of Ulta Beauty by 5.0% in the 4th quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer’s stock worth $272,000 after acquiring an additional 30 shares during the last quarter. Colonial Trust Co SC lifted its holdings in Ulta Beauty by 36.9% during the 4th quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer’s stock worth $50,000 after buying an additional 31 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Ulta Beauty by 35.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the specialty retailer’s stock worth $43,000 after buying an additional 31 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now directly owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. This trade represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by insiders.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $465.64 on Thursday. The firm’s fifty day moving average price is $390.96 and its 200 day moving average price is $389.94. The company has a market capitalization of $21.02 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $491.98.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, beating analysts’ consensus estimates of $5.73 by $0.97. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period last year, the firm posted $6.47 EPS. The company’s revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America reduced their target price on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Canaccord Genuity Group increased their target price on shares of Ulta Beauty from $510.00 to $542.00 and gave the stock a “buy” rating in a report on Friday, May 30th. UBS Group increased their target price on shares of Ulta Beauty from $490.00 to $525.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Stifel Nicolaus reduced their target price on shares of Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a report on Friday, March 14th. Finally, Piper Sandler reiterated a “neutral” rating and set a $437.00 target price (up from $386.00) on shares of Ulta Beauty in a report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $460.91.

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.