Edgestream Partners L.P. Has $2.28 Million Position in Ulta Beauty Inc. (NASDAQ:ULTA)

Edgestream Partners L.P. boosted its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 382.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,230 shares of the specialty retailer's stock after acquiring an additional 4,940 shares during the period. Edgestream Partners L.P.'s holdings in Ulta Beauty were worth $2,284,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Creative Financial Designs Inc. ADV raised its holdings in shares of Ulta Beauty by 19.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 395 shares of the specialty retailer's stock valued at $172,000 after buying an additional 63 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Ulta Beauty by 1.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,857 shares of the specialty retailer's stock worth $4,722,000 after buying an additional 159 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in Ulta Beauty in the fourth quarter worth approximately $985,000. Vinva Investment Management Ltd acquired a new position in Ulta Beauty in the fourth quarter worth approximately $366,000. Finally, Harvest Fund Management Co. Ltd grew its position in Ulta Beauty by 1,271.4% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,440 shares of the specialty retailer's stock worth $622,000 after purchasing an additional 1,335 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Ulta Beauty from a "hold" rating to a "buy" rating in a research report on Saturday, June 28th. UBS Group upped their price objective 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. Oppenheimer upped their price objective on shares of Ulta Beauty from $465.00 to $510.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Citigroup boosted their target price on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. Finally, Loop Capital reissued a "buy" rating and set a $510.00 target price (up previously from $480.00) on shares of Ulta Beauty in a research report on Monday, June 16th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $465.04.

Ulta Beauty Stock Performance

Ulta Beauty stock traded up $3.23 during trading hours on Friday, hitting $493.30. 419,565 shares of the stock were exchanged, compared to its average volume of 1,037,254. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $498.52. The business's 50-day moving average is $453.14 and its two-hundred day moving average is $404.89. The stock has a market capitalization of $22.17 billion, a P/E ratio of 19.27, a P/E/G ratio of 2.94 and a beta of 1.08.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, beating the consensus estimate of $5.73 by $0.97. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The business had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. During the same period in the prior year, the firm earned $6.47 earnings per share. Ulta Beauty's revenue was up 4.5% compared to the same quarter last year. On average, equities analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Ulta Beauty Company 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.