Caxton Associates LP Sells 2,591 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Caxton Associates LP reduced its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 41.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,621 shares of the specialty retailer’s stock after selling 2,591 shares during the quarter. Caxton Associates LP’s holdings in Ulta Beauty were worth $1,893,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new stake in Ulta Beauty during the 4th quarter valued at about $25,000. Vima LLC bought a new stake in Ulta Beauty during the 4th quarter valued at about $27,000. Riverview Trust Co bought a new stake in Ulta Beauty during the 1st quarter valued at about $30,000. Sound Income Strategies LLC increased its stake in Ulta Beauty by 490.0% during the 1st 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 in the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of Ulta Beauty during the 1st quarter valued at about $34,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Ulta Beauty from $625.00 to $525.00 and set an “outperform” rating on the stock in a report on Wednesday, May 29th. Loop Capital raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $540.00 price target on the stock in a report on Monday, April 8th. Citigroup dropped their price target on shares of Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. StockNews.com raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Finally, Barclays dropped their price target on shares of Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating on the stock in a report on Friday, June 28th. One research analyst has rated the stock with a sell rating, ten have assigned 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 company presently has an average rating of “Moderate Buy” and an average target price of $497.61.

Insiders Place Their Bets

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

Ulta Beauty Stock Performance

NASDAQ ULTA traded down $3.00 on Tuesday, hitting $363.61. 203,940 shares of the stock were exchanged, compared to its average volume of 811,838. The stock has a fifty day moving average price of $387.27 and a two-hundred day moving average price of $449.09. The firm has a market capitalization of $17.35 billion, a P/E ratio of 14.20, a P/E/G ratio of 1.71 and a beta of 1.37. Ulta Beauty, Inc. has a 52-week low of $362.10 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 EPS for the quarter, topping the consensus estimate of $6.19 by $0.28. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.72 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. Ulta Beauty’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.88 earnings per share. Sell-side analysts expect that Ulta Beauty, Inc. will post 25.66 earnings per share for the current fiscal year.

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.