Park Avenue Securities LLC owns $873,000 of Ulta Beauty, Inc. (NASDAQ:ULTA)

Park Avenue Securities LLC reduced its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) by 28.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,261 shares of the specialty retailer after selling 905 shares during the quarter. Park Avenue Securities LLC’s holdings in Ulta Beauty were worth $873,000 at the time of the most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Ulta Beauty in the 4th quarter valued at about $25,000. Vima LLC acquired a new stake in Ulta Beauty in the fourth quarter valued at about $27,000. Riverview Trust Co acquired a new position in Ulta Beauty in the first quarter valued at about $30,000. Sound Income Strategies LLC increased its holdings in Ulta Beauty by 490.0% in the first 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 same period. Finally, LRI Investments LLC acquired a new stake in Ulta Beauty in the first quarter valued at about $31,000. 90.39% of the shares are currently owned by institutional investors.

Insiders place their bets

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

Analysts set new price targets

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group decreased their price target on Ulta Beauty from $575.00 to $522.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Bank of America decreased their price target on shares of Ulta Beauty from $575.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Robert W. Baird decreased their price target on shares of Ulta Beauty from $625.00 to $525.00 and gave the company an “outperform” rating in a report on Wednesday, May 29th. TD Cowen decreased their price target on shares of Ulta Beauty from $520.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Finally, StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Thursday, July 18. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has given the stock a strong buy rating. According to data from MarketBeat, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $497.61.

Check out our latest research report on Ulta Beauty

Ulta Beauty share performance

ULTA lost $4.94 during midday trading on Friday, reaching $322.17. 919,617 shares of the company traded hands, compared to its average volume of 821,185. The stock has a market cap of $15.37 billion, a P/E ratio of 12.57, a PEG ratio of 1.51 and a beta of 1.37. The stock’s 50-day moving average is $379.42 and its 200-day moving average is $440.84. Ulta Beauty, Inc. has a one year low of $320.79 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA – Free Report) last released its quarterly earnings results on Thursday, May 30. The specialty retailer reported earnings per share (EPS) of $6.47 for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. The company had revenue of $2.73 billion for the quarter, compared to analyst expectations of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The company’s revenue grew 3.5% year-over-year for the quarter. During the same quarter last year, the company generated earnings per share of $6.88. On average, research analysts expect that Ulta Beauty, Inc. will report earnings per share of $25.65 for the current year.

About Ulta Beauty

(Free report)

Ulta Beauty, Inc. is a specialty retailer of beauty products in the United States. The company offers branded and private label beauty products, including cosmetics, fragrances, hair care products, skin care products, bath and body products, professional hair care products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, the Ulta.com website, and its mobile applications.