Lake Street Private Wealth LLC Purchases 726 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Lake Street Private Wealth LLC raised its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 8.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,521 shares of the specialty retailer's stock after acquiring an additional 726 shares during the quarter. Lake Street Private Wealth LLC's holdings in Ulta Beauty were worth $3,490,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ULTA. Smartleaf Asset Management LLC raised its position in shares of Ulta Beauty by 28.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock valued at $72,000 after purchasing an additional 37 shares during the period. Savant Capital LLC raised its position in shares of Ulta Beauty by 199.5% in the fourth quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock valued at $2,021,000 after purchasing an additional 3,095 shares during the period. Sanctuary Advisors LLC raised its position in shares of Ulta Beauty by 7.8% in the fourth quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock valued at $1,663,000 after purchasing an additional 288 shares during the period. Buckhead Capital Management LLC raised its position in shares of Ulta Beauty by 15.6% in the fourth quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer's stock valued at $5,257,000 after purchasing an additional 1,633 shares during the period. Finally, Summit Trail Advisors LLC bought a new position in shares of Ulta Beauty in the fourth quarter valued at about $311,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Trading Down 0.3%

NASDAQ:ULTA traded down $1.40 during mid-day trading on Friday, hitting $465.64. 601,489 shares of the company's stock were exchanged, compared to its average volume of 1,048,806. The company has a 50 day simple moving average of $394.80 and a 200-day simple moving average of $391.58. Ulta Beauty, Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $491.98. The firm has a market capitalization of $20.93 billion, a P/E ratio of 18.63, a PEG ratio of 0.89 and a beta of 1.09.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping the consensus estimate of $5.73 by $0.97. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business 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 company earned $6.47 EPS. The firm's revenue was up 4.5% compared to the same quarter last year. As a group, analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ULTA. Oppenheimer raised their price target on shares of Ulta Beauty from $465.00 to $510.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. The Goldman Sachs Group raised shares of Ulta Beauty from a "neutral" rating to a "buy" rating and raised their target price for the company from $384.00 to $423.00 in a report on Tuesday, April 1st. Argus lowered shares of Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. B. Riley decreased their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Finally, Morgan Stanley raised their target price on shares of Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a report on Friday, May 30th. One 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. Based on data from MarketBeat, Ulta Beauty currently has an average rating of "Hold" and an average price target of $460.91.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty 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 $2,817,429.12. The trade was a 10.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is currently owned by company insiders.

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.