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

Burney Co. reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) 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. holdings. holdings in Ulta Beauty were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have recently added to or reduced their stakes in the company. Vima LLC purchased a new stake in Ulta Beauty during the fourth quarter valued at about $27,000. Riverview Trust Co purchased a new position in Ulta Beauty in the first quarter valued at $30,000. Sound Income Strategies LLC boosted its stake 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 purchasing an additional 49 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Ulta Beauty in the 1st quarter worth $31,000. Finally, Manchester Capital Management LLC raised 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 bought an additional 21 shares in the last quarter. 90.39% of shares are owned by institutional investors and hedge funds.

Indoor activity

In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the business’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 via this link. 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 filing with the Securities & Exchange Commission, which is available on the SEC’s 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 shares.

Changes in Analyst Ratings

A number of brokerages have issued reports on ULTA. Robert W. Baird cut their price target 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. Goldman Sachs Group decreased 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 price target 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 cut their price target for the company from $500.00 to $450.00 in a Friday report. 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. The company currently has a consensus rating of “Moderate Buy” and an average price target of $470.65, based on data from MarketBeat.

Check out our latest report on Ulta Beauty

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 cap 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 – Get Your Free Report ) 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 company’s revenue for the quarter was up 0.9% compared to the same quarter last year. In the same quarter last year, the company earned $6.02 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

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

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