Creative Planning Boosts Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Creative Planning raised its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 83.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,774 shares of the specialty retailer’s stock after acquiring an additional 6,730 shares during the quarter. Creative Planning’s holdings in Ulta Beauty were worth $5,749,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ULTA. UMB Bank n.a. boosted its stake in Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares during the last quarter. Riverview Trust Co purchased a new position in shares of Ulta Beauty in the first quarter worth about $30,000. Sound Income Strategies LLC boosted its position in Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 49 shares during the last quarter. LRI Investments LLC purchased a new stake in Ulta Beauty during the 1st quarter valued at about $31,000. Finally, Innealta Capital LLC acquired a new stake in Ulta Beauty in the 2nd quarter valued at about $32,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 0.6 %

Shares of ULTA stock opened at $367.02 on Thursday. The company has a market cap of $17.51 billion, a P/E ratio of 14.31, a PEG ratio of 2.12 and a beta of 1.32. The firm has a fifty day moving average price of $376.31 and a 200 day moving average price of $384.77. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.02 EPS. On average, equities analysts forecast that Ulta Beauty, Inc. will post 23.06 EPS for the current year.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several recent research reports. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a report on Saturday, September 28th. Evercore ISI lowered their price objective on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Loop Capital dropped their target price on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. JPMorgan Chase & Co. lifted their price target on Ulta Beauty from $450.00 to $472.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Wells Fargo & Company dropped their price objective on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $420.71.

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.