Clear Creek Financial Management LLC Has $427,000 Position in Ulta Beauty Inc. $ULTA

Clear Creek Financial Management LLC lowered its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 9.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 912 shares of the specialty retailer’s stock after selling 92 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Ulta Beauty were worth $427,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in Ulta Beauty during the first quarter worth $31,000. Rakuten Securities Inc. lifted its stake in Ulta Beauty by 218.5% during the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 59 shares during the last quarter. North Star Investment Management Corp. lifted its stake in Ulta Beauty by 71.4% during the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 40 shares during the last quarter. Ransom Advisory Ltd bought a new stake in Ulta Beauty during the first quarter worth $36,000. Finally, Costello Asset Management INC bought a new stake in Ulta Beauty during the first quarter worth $37,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Down 2.1%

Shares of NASDAQ:ULTA opened at $549.28 on Friday. The firm has a market cap of $24.63 billion, a P/E ratio of 21.06, a P/E/G ratio of 3.09 and a beta of 1.08. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $572.23. The business has a fifty day simple moving average of $528.22 and a 200 day simple moving average of $463.92.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.03 by $0.75. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.Ulta Beauty’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $5.30 EPS. As a group, equities research analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Insider Transactions at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total transaction of $264,215.00. Following the completion of the transaction, the director directly owned 2,263 shares of the company’s stock, valued at $1,195,837.09. This trade represents a 18.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ULTA has been the subject of several recent analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $610.00 target price on shares of Ulta Beauty in a research note on Monday, September 8th. Jefferies Financial Group upped their target price on Ulta Beauty from $425.00 to $550.00 and gave the stock a “hold” rating in a research note on Tuesday, August 26th. Bank of America upped their target price on Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Wall Street Zen cut Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $605.00 price target (up from $580.00) on shares of Ulta Beauty in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $549.33.

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.