Congress Park Capital LLC Has $298,000 Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Congress Park Capital LLC decreased its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 8.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 570 shares of the specialty retailer’s stock after selling 50 shares during the period. Congress Park Capital LLC’s holdings in Ulta Beauty were worth $298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Nvwm LLC grew its position in shares of Ulta Beauty by 2.1% during the 4th quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock valued at $511,000 after acquiring an additional 21 shares during the period. Manchester Capital Management LLC lifted its stake in shares of Ulta Beauty by 41.2% during the 4th quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 21 shares in the last quarter. Raleigh Capital Management Inc. lifted its stake in shares of Ulta Beauty by 4.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 535 shares of the specialty retailer’s stock valued at $214,000 after buying an additional 22 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of Ulta Beauty by 0.8% during the 4th quarter. Pinnacle Associates Ltd. now owns 2,828 shares of the specialty retailer’s stock valued at $1,386,000 after buying an additional 23 shares in the last quarter. Finally, Nkcfo LLC lifted its stake in Ulta Beauty by 14.4% in the 4th quarter. Nkcfo LLC now owns 183 shares of the specialty retailer’s stock worth $90,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ULTA. Morgan Stanley increased their price target on shares of Ulta Beauty from $480.00 to $525.00 and gave the stock an “equal weight” rating in a report on Friday, March 15th. Piper Sandler reduced their target price on shares of Ulta Beauty from $505.00 to $498.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. JPMorgan Chase & Co. increased their target price on shares of Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Loop Capital raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 price target on the stock in a report on Monday, April 8th. Finally, DA Davidson reissued a “buy” rating and issued a $595.00 price target on shares of Ulta Beauty in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $503.87.

Ulta Beauty Stock Down 0.1 %

Ulta Beauty stock traded down $0.57 during mid-day trading on Friday, reaching $385.38. 231,466 shares of the company’s stock traded hands, compared to its average volume of 809,750. The company has a market cap of $18.39 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.69 and a beta of 1.36. The stock has a 50 day moving average of $393.76 and a two-hundred day moving average of $464.34. Ulta Beauty, Inc. has a 12-month low of $368.02 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the previous year, the business posted $6.88 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Ulta Beauty, Inc. will post 25.76 earnings per share for the current year.

Ulta Beauty announced that its board has approved a share repurchase program on Thursday, March 14th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 7.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Jodi J. Caro sold 650 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the sale, the insider now directly owns 6,801 shares in the company, valued at approximately $2,643,412.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.39% of the company’s stock.

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.