1,590 Shares in Ulta Beauty Inc. (NASDAQ:ULTA) Acquired by Creekmur Asset Management LLC

Creekmur Asset Management LLC purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,590 shares of the specialty retailer's stock, valued at approximately $583,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ULTA. Prestige Wealth Management Group LLC lifted its stake in shares of Ulta Beauty by 121.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 34 shares during the last quarter. American National Bank & Trust acquired a new position in Ulta Beauty in the first quarter valued at about $29,000. Wayfinding Financial LLC purchased a new position in Ulta Beauty during the first quarter worth about $31,000. Rakuten Securities Inc. increased its position in shares of Ulta Beauty by 218.5% during the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 59 shares during the last quarter. Finally, North Star Investment Management Corp. raised its stake in shares of Ulta Beauty by 71.4% in the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Telsey Advisory Group reissued an "outperform" rating and set a $520.00 target price on shares of Ulta Beauty in a research note on Friday, July 11th. Morgan Stanley raised their price target on shares of Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Wells Fargo & Company upped their price objective on Ulta Beauty from $315.00 to $350.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. raised their target price on shares of Ulta Beauty from $477.00 to $525.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Finally, Wall Street Zen raised Ulta Beauty from a "hold" rating to a "buy" rating in a research report on Saturday, June 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $465.04.

Ulta Beauty Trading Up 0.7%

Shares of ULTA stock traded up $3.23 during mid-day trading on Friday, reaching $493.30. The stock had a trading volume of 419,565 shares, compared to its average volume of 1,037,254. The company has a market cap of $22.17 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 2.97 and a beta of 1.08. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $498.52. The business has a 50-day simple moving average of $453.14 and a 200 day simple moving average of $404.89.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. The company had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.47 earnings per share. Research analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Ulta Beauty Profile

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.