Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Foyston Gordon & Payne Inc

Foyston Gordon & Payne Inc lessened its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 18.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,759 shares of the specialty retailer’s stock after selling 1,737 shares during the quarter. Foyston Gordon & Payne Inc’s holdings in Ulta Beauty were worth $2,994,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. lifted its position in Ulta Beauty by 83.3% during the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 30 shares during the period. Vima LLC purchased a new stake in shares of Ulta Beauty in the fourth quarter worth about $27,000. Riverview Trust Co acquired a new stake in Ulta Beauty during the first quarter worth about $30,000. Sound Income Strategies LLC raised its position in Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 49 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in Ulta Beauty during the first quarter valued at approximately $31,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 4.0 %

Shares of NASDAQ ULTA opened at $352.84 on Friday. The firm has a 50-day simple moving average of $372.21 and a 200-day simple moving average of $425.38. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 1.86 and a beta of 1.37. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.91%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the prior year, the company posted $6.02 EPS. The firm’s revenue was up .9% on a year-over-year basis. As a group, equities research analysts expect that Ulta Beauty, Inc. will post 23.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Citigroup dropped their price objective on shares of Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a research note on Friday. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. UBS Group cut their price objective on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a report on Friday. Stifel Nicolaus lowered their target price on shares of Ulta Beauty from $475.00 to $385.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $500.00 price target on shares of Ulta Beauty in a research note on Monday, August 26th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $436.83.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the transaction, 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 is accessible through this link. In other news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the transaction, the director now owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jodi J. Caro sold 650 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the sale, the insider now directly owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

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.