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

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

A number of other large investors have also recently bought and sold shares of the business. Bar Harbor Wealth Management grew its holdings in Ulta Beauty by 8.9% during the 2nd quarter. Bar Harbor Wealth Management now owns 3,973 shares of the specialty retailer’s stock worth $1,859,000 after acquiring an additional 324 shares during the period. Venturi Wealth Management LLC acquired a new stake in Ulta Beauty during the 2nd quarter worth about $262,000. Friedenthal Financial acquired a new stake in Ulta Beauty during the 2nd quarter worth about $86,000. Shell Asset Management Co. grew its holdings in Ulta Beauty by 23.0% during the 2nd quarter. Shell Asset Management Co. now owns 3,552 shares of the specialty retailer’s stock worth $1,662,000 after acquiring an additional 665 shares during the period. Finally, KLP Kapitalforvaltning AS grew its holdings in Ulta Beauty by 7.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 18,016 shares of the specialty retailer’s stock worth $8,428,000 after acquiring an additional 1,300 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of Ulta Beauty stock in a transaction dated 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 owned 2,263 shares in the company, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

Ulta Beauty Stock Performance

ULTA stock opened at $549.28 on Friday. The company has a market capitalization of $24.63 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 3.09 and a beta of 1.08. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $572.23. The business has a 50-day simple moving average of $528.22 and a two-hundred day simple moving average of $463.92.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.03 by $0.75. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.30 EPS. As a group, sell-side analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on ULTA shares. Raymond James Financial restated an “outperform” rating and issued a $605.00 target price (up from $580.00) on shares of Ulta Beauty in a research note on Friday, August 29th. Bank of America raised their target price on Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. UBS Group raised their target price on Ulta Beauty from $640.00 to $680.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Weiss Ratings restated a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday. Finally, Morgan Stanley raised their target price on Ulta Beauty from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ulta Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $549.33.

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.