Parkside Financial Bank & Trust Cuts Stake in Ulta Beauty, Inc. (NASDAQ:ULTA)

Parkside Financial Bank & Trust cut its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 26.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101 shares of the specialty retailer’s stock after selling 36 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Ulta Beauty were worth $44,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Fort Sheridan Advisors LLC acquired a new position in Ulta Beauty during the fourth quarter worth about $311,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in Ulta Beauty in the 4th quarter worth approximately $152,000. QRG Capital Management Inc. boosted its holdings in shares of Ulta Beauty by 2.8% during the 4th quarter. QRG Capital Management Inc. now owns 12,155 shares of the specialty retailer’s stock worth $5,286,000 after purchasing an additional 331 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Ulta Beauty in the fourth quarter valued at approximately $58,074,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Ulta Beauty by 6.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 10,587 shares of the specialty retailer’s stock valued at $4,605,000 after purchasing an additional 680 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

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

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

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of recent research reports. Telsey Advisory Group reissued an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a research note on Tuesday, January 7th. JPMorgan Chase & Co. increased their price target on Ulta Beauty from $472.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Citigroup boosted their price objective on Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, William Blair lowered shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. 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 MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and an average target price of $459.22.

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.