Park Place Capital Corp Has $157,000 Stock Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Park Place Capital Corp reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 29.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 360 shares of the specialty retailer’s stock after selling 148 shares during the period. Park Place Capital Corp’s holdings in Ulta Beauty were worth $157,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Paladin Wealth LLC bought a new position in shares of Ulta Beauty in the 3rd quarter worth about $32,000. Sunbelt Securities Inc. increased its holdings in Ulta Beauty by 118.4% in the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. lifted its stake in Ulta Beauty by 151.5% in the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 50 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $41,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $43,000. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ULTA. UBS Group boosted their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Citigroup increased their price objective on shares of Ulta Beauty from $450.00 to $457.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. BMO Capital Markets boosted their target price on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Canaccord Genuity Group increased their price target on Ulta Beauty from $500.00 to $538.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $430.00 to $500.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty has an average rating of “Hold” and an average target price of $459.22.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $418.44 on Thursday. The company has a market capitalization of $19.40 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.01 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 business has a fifty day moving average price of $405.37 and a two-hundred day moving average price of $385.00.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $5.07 earnings per share. Sell-side analysts anticipate that Ulta Beauty, Inc. will post 23.93 earnings per share for the current year.

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.