Park Capital Management LLC WI Invests $291,000 in Ulta Beauty Inc. (NASDAQ:ULTA)

Park Capital Management LLC WI acquired a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 795 shares of the specialty retailer's stock, valued at approximately $291,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ULTA. Capital World Investors acquired a new stake in shares of Ulta Beauty during the 4th quarter valued at about $430,674,000. Norges Bank acquired a new stake in shares of Ulta Beauty during the 4th quarter valued at about $239,432,000. Marshall Wace LLP boosted its position in shares of Ulta Beauty by 10,336.7% during the 4th quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer's stock valued at $199,681,000 after acquiring an additional 454,711 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Ulta Beauty by 38,770.6% during the 1st quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock valued at $162,565,000 after acquiring an additional 442,372 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ulta Beauty during the 4th quarter valued at about $73,780,000. Institutional investors own 90.39% of the company's stock.

Insider Buying and Selling

In related news, insider Jodi J. Caro sold 902 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the sale, the insider now directly owns 7,632 shares of the company's stock, valued at $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.39% of the stock is currently owned by insiders.

Ulta Beauty Trading Up 0.1%

Shares of ULTA stock opened at $473.85 on Monday. The firm has a market capitalization of $21.30 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 2.80 and a beta of 1.09. The firm's 50 day moving average is $417.25 and its 200-day moving average is $398.53. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $491.98.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. Ulta Beauty's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.47 earnings per share. On average, equities research analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several recent research reports. Bank of America decreased their target price on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. The Goldman Sachs Group upgraded shares of Ulta Beauty from a "neutral" rating to a "buy" rating and boosted their price target for the company from $384.00 to $423.00 in a research report on Tuesday, April 1st. Robert W. Baird boosted their price target on shares of Ulta Beauty from $440.00 to $525.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Loop Capital restated a "buy" rating and issued a $510.00 price target (up from $480.00) on shares of Ulta Beauty in a research report on Monday, June 16th. Finally, Oppenheimer boosted their price target on shares of Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $462.22.

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.

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