Parkside Financial Bank & Trust Decreases Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Parkside Financial Bank & Trust trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 26.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 101 shares of the specialty retailer’s stock after selling 36 shares during the period. Parkside Financial Bank & Trust’s holdings in Ulta Beauty were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fort Sheridan Advisors LLC purchased a new stake in Ulta Beauty in the 4th quarter valued at approximately $311,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new stake in Ulta Beauty during the 4th quarter worth about $152,000. QRG Capital Management Inc. lifted its holdings in Ulta Beauty by 2.8% in the 4th quarter. QRG Capital Management Inc. now owns 12,155 shares of the specialty retailer’s stock valued at $5,286,000 after purchasing an additional 331 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $58,074,000. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Ulta Beauty by 6.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 10,587 shares of the specialty retailer’s stock valued at $4,605,000 after buying an additional 680 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

ULTA has been the topic of several analyst reports. Canaccord Genuity Group raised their price objective on Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. BMO Capital Markets increased their price objective on shares of Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Oppenheimer upped their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. DA Davidson lifted their price target on shares of Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Ulta Beauty in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $459.22.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $348.86 on Tuesday. The firm has a market cap of $16.18 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76. The firm’s 50-day simple moving average is $401.43 and its 200-day simple moving average is $388.82.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.07 earnings per share. On average, equities analysts predict that Ulta Beauty, Inc. will post 23.96 earnings per share for the current year.

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.