Cyrus J. Lawrence LLC Reduces Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Cyrus J. Lawrence LLC trimmed its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 1.9% during the second quarter, Holdings Channel.com reports. The firm owned 15,192 shares of the specialty retailer’s stock after selling 296 shares during the period. Cyrus J. Lawrence LLC’s holdings in Ulta Beauty were worth $5,862,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. UMB Bank n.a. raised its position in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 30 shares during the last quarter. Vima LLC acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $27,000. Riverview Trust Co acquired a new stake in shares of Ulta Beauty during the first quarter worth $30,000. Sound Income Strategies LLC grew its position in shares of 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 purchasing an additional 49 shares during the period. Finally, LRI Investments LLC acquired a new position in Ulta Beauty in the first quarter valued at $31,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ulta Beauty

In other news, insider Jodi J. Caro sold 650 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the sale, the insider now owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the sale, the director now owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the transaction, the insider now owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on ULTA. JPMorgan Chase & Co. lifted their price target on Ulta Beauty from $530.00 to $544.00 and gave the company an “overweight” rating in a report on Friday, May 31st. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Barclays increased their price target on shares of Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. B. Riley began coverage on shares of Ulta Beauty in a research note on Tuesday, September 10th. They set a “sell” rating and a $300.00 price objective for the company. Finally, Bank of America cut their target price on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Ulta Beauty presently has an average rating of “Hold” and a consensus price target of $425.29.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $402.01 on Monday. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The company has a market capitalization of $19.18 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The firm’s fifty day moving average price is $368.01 and its 200 day moving average price is $406.98.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.02 earnings per share. Analysts forecast that Ulta Beauty, Inc. will post 23.21 earnings per share for the current fiscal 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.