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

Burney Co. trimmed its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,445 shares of the specialty retailer’s stock after selling 165 shares during the quarter. Burney Co.’s holdings in Ulta Beauty were worth $2,324,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Blue Trust Inc. raised its stake in Ulta Beauty by 193.9% in the 4th quarter. Blue Trust Inc. now owns 144 shares of the specialty retailer’s stock valued at $71,000 after purchasing an additional 95 shares during the last quarter. Oak Thistle LLC purchased a new stake in Ulta Beauty in the 4th quarter valued at $714,000. State of Michigan Retirement System grew its holdings in Ulta Beauty by 0.6% in the 4th quarter. State of Michigan Retirement System now owns 16,053 shares of the specialty retailer’s stock valued at $7,866,000 after buying an additional 100 shares in the last quarter. Webster Bank N. A. purchased a new stake in Ulta Beauty in the 4th quarter valued at $33,000. Finally, Lewis Asset Management LLC purchased a new stake in Ulta Beauty in the 4th quarter valued at $309,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 stock was 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 in the company, valued at $786,791.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction dated 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 legal filing with the SEC, which is available through this link. Also, insider Jodi J. Caro sold 650 shares of the 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 completion of the sale, 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 insiders.

Ulta Beauty Trading Down 2.6 %

Shares of NASDAQ:ULTA traded down $8.94 on Friday, hitting $341.01. The company had a trading volume of 959,256 shares, compared to its average volume of 863,921. Ulta Beauty, Inc. has a 52-week low of $338.11 and a 52-week high of $574.76. The business has a 50 day moving average of $385.37 and a 200 day moving average of $446.05. The company has a market cap of $16.27 billion, a PE ratio of 13.30, a PEG ratio of 1.62 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the business earned $6.88 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. As a group, equities analysts predict that Ulta Beauty, Inc. will post 25.66 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ULTA shares. Barclays dropped their target price on Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating for the company in a report on Friday, June 28th. Telsey Advisory Group restated an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a report on Friday, July 19th. Stifel Nicolaus lowered their target price on Ulta Beauty from $565.00 to $475.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. Wells Fargo & Company lowered their target price on Ulta Beauty from $350.00 to $325.00 and set an “underweight” rating for the company in a report on Wednesday, July 24th. Finally, Canaccord Genuity Group reduced their price target on Ulta Beauty from $575.00 to $522.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $497.61.

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.