Ulta Beauty Inc. $ULTA Shares Sold by Park Capital Management LLC WI

by · The Cerbat Gem

Park Capital Management LLC WI cut its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) by 27.8% in the 2nd quarter, Holdings Channel reports. The firm owned 574 shares of the specialty retailer’s stock after selling 221 shares during the period. Park Capital Management LLC WI’s holdings in Ulta Beauty were worth $269,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Chesley Taft & Associates LLC boosted its stake in shares of Ulta Beauty by 3.0% during the 2nd quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer’s stock worth $390,000 after acquiring an additional 24 shares in the last quarter. Wambolt & Associates LLC raised its holdings in Ulta Beauty by 1.6% during the 1st quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer’s stock worth $626,000 after buying an additional 26 shares during the period. Westside Investment Management Inc. lifted its stake in Ulta Beauty by 32.5% during the first quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 27 shares in the last quarter. Procyon Advisors LLC boosted its holdings in shares of Ulta Beauty by 4.3% in the first quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer’s stock worth $259,000 after buying an additional 29 shares during the period. Finally, Sagespring Wealth Partners LLC increased its position in shares of Ulta Beauty by 5.0% in the first quarter. Sagespring Wealth Partners LLC now owns 625 shares of the specialty retailer’s stock worth $229,000 after acquiring an additional 30 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Transactions at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the sale, the director directly owned 2,263 shares in the company, valued at approximately $1,195,837.09. This trade represents a 18.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ULTA. Robert W. Baird lifted their target price on shares of Ulta Beauty from $575.00 to $600.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. increased their target price on Ulta Beauty from $525.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Canaccord Genuity Group set a $650.00 target price on Ulta Beauty in a report on Friday, August 29th. The Goldman Sachs Group increased their target price on Ulta Beauty from $530.00 to $584.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $610.00 target price on shares of Ulta Beauty in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $543.13.

Check Out Our Latest Analysis on ULTA

Ulta Beauty Stock Up 0.7%

Shares of ULTA opened at $528.80 on Thursday. The stock’s fifty day simple moving average is $511.98 and its 200-day simple moving average is $440.67. The firm has a market capitalization of $23.71 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 2.89 and a beta of 1.06. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $539.00.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, beating analysts’ consensus estimates of $5.03 by $0.75. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the prior year, the company earned $5.30 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Ulta Beauty Company Profile

(Free Report)

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.

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