Ulta Beauty, Inc. (NASDAQ:ULTA) Stock Position Raised by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. lifted its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 16.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,815 shares of the specialty retailer’s stock after acquiring an additional 405 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Ulta Beauty were worth $1,224,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Paladin Wealth LLC purchased a new stake in Ulta Beauty in the 3rd quarter worth approximately $32,000. Sunbelt Securities Inc. raised its holdings in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of Ulta Beauty by 151.5% during the 3rd 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 in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Ulta Beauty during the 4th quarter valued at $43,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Ulta Beauty during the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of ULTA opened at $418.55 on Friday. The firm has a market capitalization of $19.41 billion, a PE ratio of 16.75, a PEG ratio of 1.00 and a beta of 1.28. The company’s 50-day moving average is $406.08 and its 200-day moving average is $385.23. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data 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 company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $5.07 earnings per share. Analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ULTA shares. B. Riley raised Ulta Beauty from a “sell” rating to a “neutral” rating and increased their price objective for the company from $330.00 to $430.00 in a report on Tuesday, January 7th. Citigroup increased their price objective on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Stifel Nicolaus increased their target price on Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Raymond James decreased their target price on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $459.22.

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.