Ulta Beauty Inc. $ULTA Shares Sold by Burney Co.

Burney Co. reduced its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 42.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,613 shares of the specialty retailer’s stock after selling 11,393 shares during the quarter. Burney Co.’s holdings in Ulta Beauty were worth $7,304,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ULTA. iA Global Asset Management Inc. bought a new position in Ulta Beauty in the second quarter worth about $3,091,000. Meridian Management Co. grew its holdings in shares of Ulta Beauty by 2.8% during the second quarter. Meridian Management Co. now owns 11,847 shares of the specialty retailer’s stock valued at $6,101,000 after purchasing an additional 326 shares during the last quarter. Tredje AP fonden raised its position in shares of Ulta Beauty by 9.8% during the 2nd quarter. Tredje AP fonden now owns 4,161 shares of the specialty retailer’s stock worth $1,947,000 after purchasing an additional 371 shares during the period. Mission Wealth Management LP bought a new stake in shares of Ulta Beauty in the 2nd quarter worth approximately $224,000. Finally, Jessup Wealth Management Inc acquired a new position in Ulta Beauty during the 2nd quarter valued at approximately $224,000. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Evercore ISI increased their target price on Ulta Beauty from $595.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Bank of America increased their price objective on shares of Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Oppenheimer boosted their target price on shares of Ulta Beauty from $510.00 to $600.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Cowen restated a “hold” rating on shares of Ulta Beauty in a research report on Friday, August 29th. Finally, Argus raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price target on the stock in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $550.38.

Insider Activity at Ulta Beauty

In other news, Director Mike C. Smith sold 500 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the sale, the director owned 2,263 shares in the company, valued at $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.39% of the company’s stock.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $519.88 on Monday. The firm has a 50 day simple moving average of $531.05 and a 200-day simple moving average of $483.68. The stock has a market capitalization of $23.31 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.86 and a beta of 1.05. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, topping the consensus estimate of $5.03 by $0.75. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.30 earnings per share. On average, analysts forecast that Ulta Beauty Inc. will post 23.96 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.