Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Burney Co.

Burney Co. lowered its stake in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 14.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,794 shares of the specialty retailer’s stock after selling 651 shares during the quarter. Burney Co.’s holdings in Ulta Beauty were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vima LLC acquired a new stake in Ulta Beauty during the fourth quarter valued at approximately $27,000. Riverview Trust Co acquired a new position in Ulta Beauty in the first quarter worth $30,000. Sound Income Strategies LLC increased its stake in Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 49 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Ulta Beauty during the first quarter worth $31,000. Finally, Manchester Capital Management LLC grew its position 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 during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Ratings Changes

A number of brokerages have issued reports on ULTA. Robert W. Baird cut their target price on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. Barclays cut their price target on Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating on the stock in a report on Friday, June 28th. The Goldman Sachs Group lowered their price objective on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Jefferies Financial Group cut their target price on Ulta Beauty from $438.00 to $412.00 and set a “hold” rating on the stock in a research note on Friday, May 24th. Finally, Raymond James downgraded shares of Ulta Beauty from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $500.00 to $450.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $470.65.

Ulta Beauty Trading Down 5.2 %

Shares of NASDAQ ULTA opened at $348.34 on Friday. Ulta Beauty, Inc. has a twelve month low of $318.17 and a twelve month high of $574.76. The firm has a 50-day moving average of $373.05 and a two-hundred day moving average of $427.73. The company has a market capitalization of $16.62 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.75 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.02 earnings per share. As a group, research analysts predict that Ulta Beauty, Inc. will post 25.48 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.