Burney Co. Lowers Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Burney Co. lessened its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,442 shares of the specialty retailer's stock after selling 634 shares during the period. Burney Co.'s holdings in Ulta Beauty were worth $1,062,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ULTA. Paladin Wealth LLC bought a new position in shares of Ulta Beauty in the 3rd quarter valued at $32,000. Sunbelt Securities Inc. boosted its stake in shares of Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 45 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Ulta Beauty in the third quarter valued at approximately $41,000. Finally, Future Financial Wealth Managment LLC bought a new position in Ulta Beauty in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Price Performance

NASDAQ ULTA traded down $8.32 during trading on Friday, reaching $405.01. The company's stock had a trading volume of 755,671 shares, compared to its average volume of 817,560. The stock has a market capitalization of $18.78 billion, a PE ratio of 16.21, a P/E/G ratio of 1.00 and a beta of 1.28. The firm has a fifty day moving average of $403.63 and a 200 day moving average of $384.62. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts' consensus estimates of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the firm earned $5.07 earnings per share. The firm's revenue was up 1.7% on a year-over-year basis. Research analysts expect that Ulta Beauty, Inc. will post 23.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ULTA has been the topic of a number of research reports. Raymond James reduced their target price on shares of Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating on the stock in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Ulta Beauty from $426.00 to $424.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. StockNews.com upgraded Ulta Beauty from a "sell" rating to a "hold" rating in a report on Tuesday, January 7th. BMO Capital Markets lifted their target price on Ulta Beauty from $385.00 to $420.00 and gave the stock a "market perform" rating in a report on Friday, December 6th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $500.00 price target on shares of Ulta Beauty in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Ulta Beauty has an average rating of "Hold" and a consensus price target of $460.30.

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.