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

Key Points

• Congress Park Capital LLC reduced its stake in Ulta Beauty Inc. by 64.4% in Q2, now holding 470 shares worth $220,000.
• Ulta Beauty reported earnings of $5.78 EPS for the last quarter, exceeding estimates, with revenue of $2.79 billion, up 9.3% year-over-year.
• Equities analysts have raised their price targets for Ulta Beauty, with DA Davidson's target now at $625 and UBS Group's at $680, indicating a consensus price target of $543.13.

Congress Park Capital LLC lowered its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 64.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 470 shares of the specialty retailer's stock after selling 850 shares during the period. Congress Park Capital LLC's holdings in Ulta Beauty were worth $220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ULTA. American National Bank & Trust acquired a new stake in shares of Ulta Beauty in the first quarter worth $29,000. Wayfinding Financial LLC acquired a new stake in Ulta Beauty during the 1st quarter valued at $31,000. Rakuten Securities Inc. grew its holdings in shares of 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. grew its holdings 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 buying an additional 40 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new position in Ulta Beauty in the 1st quarter valued at $36,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ULTA has been the topic of a number of research reports. Barclays raised their price objective on Ulta Beauty from $589.00 to $617.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. DA Davidson boosted their price target on Ulta Beauty from $585.00 to $625.00 and gave the company a "buy" rating in a report on Friday, August 29th. Loop Capital reiterated a "hold" rating and issued a $510.00 target price on shares of Ulta Beauty in a research report on Friday, July 25th. Telsey Advisory Group reissued an "outperform" rating and issued a $610.00 price objective on shares of Ulta Beauty in a research note on Monday, September 8th. Finally, Evercore ISI increased their price objective on Ulta Beauty from $595.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ulta Beauty currently has a consensus rating of "Moderate Buy" and an average target price of $543.13.

Ulta Beauty Stock Performance

Shares of ULTA stock traded down $13.34 on Friday, hitting $521.47. The company's stock had a trading volume of 1,150,760 shares, compared to its average volume of 915,166. The stock's 50 day moving average is $514.04 and its 200-day moving average is $444.44. The company has a market capitalization of $23.38 billion, a PE ratio of 20.00, a PEG ratio of 2.87 and a beta of 1.06. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $539.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping analysts' consensus estimates of $5.03 by $0.75. The company had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $5.30 EPS. On average, research analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director Mike C. Smith sold 500 shares of the stock in a transaction that occurred 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 transaction, the director owned 2,263 shares in the company, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is owned by corporate insiders.

Ulta Beauty 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.