Park Place Capital Corp Sells 102 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Park Place Capital Corp lessened its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 16.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 502 shares of the specialty retailer’s stock after selling 102 shares during the period. Park Place Capital Corp’s holdings in Ulta Beauty were worth $194,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new stake in Ulta Beauty in the 4th quarter worth approximately $25,000. Vima LLC bought a new stake in shares of Ulta Beauty during the 4th quarter valued at $27,000. Riverview Trust Co bought a new stake in shares of Ulta Beauty during the 1st quarter valued at $30,000. Sound Income Strategies LLC grew its position in shares of Ulta Beauty by 490.0% during the 1st quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 49 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of Ulta Beauty during the 1st quarter valued at about $31,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Down 3.1 %

Shares of ULTA stock traded down $10.54 during trading hours on Monday, reaching $330.47. 494,739 shares of the company’s stock were exchanged, compared to its average volume of 817,247. Ulta Beauty, Inc. has a 1 year low of $329.40 and a 1 year high of $574.76. The stock has a market cap of $15.77 billion, a PE ratio of 13.07, a PEG ratio of 1.58 and a beta of 1.37. The stock’s fifty day moving average price is $385.37 and its two-hundred day moving average price is $445.65.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, topping analysts’ consensus estimates of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the previous year, the firm earned $6.88 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts expect that Ulta Beauty, Inc. will post 25.66 EPS for the current fiscal year.

Insider Transactions at Ulta Beauty

In other news, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the transaction, the insider now directly owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the sale, the insider now directly owns 6,801 shares in the company, valued at $2,643,412.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now owns 2,017 shares of the company’s stock, valued at $786,791.36. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Oppenheimer dropped their price target on shares of Ulta Beauty from $475.00 to $450.00 and set an “outperform” rating for the company in a research report on Monday, July 15th. Piper Sandler cut Ulta Beauty from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $494.00 to $404.00 in a research report on Wednesday, July 24th. Citigroup dropped their price target on Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. Robert W. Baird dropped their target price on shares of Ulta Beauty from $625.00 to $525.00 and set an “outperform” rating for the company in a research report on Wednesday, May 29th. Finally, StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $497.61.

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.