Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC decreased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,820 shares of the specialty retailer’s stock after selling 2,859 shares during the period. Geneva Capital Management LLC owned 0.05% of Ulta Beauty worth $10,795,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. lifted its holdings in shares of Ulta Beauty by 118.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Ulta Beauty by 151.5% in the 3rd 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. Edge Capital Group LLC bought a new stake in shares of Ulta Beauty in the 4th quarter worth approximately $33,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Ulta Beauty in the 3rd quarter worth approximately $41,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Ulta Beauty in the 4th quarter worth approximately $43,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Loop Capital raised their price target on Ulta Beauty from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Canaccord Genuity Group lifted their target price on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lifted their target price on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company lifted their target price on Ulta Beauty from $350.00 to $370.00 and gave the company an “underweight” rating in a research note on Tuesday, January 7th. Finally, Bank of America lifted their target price on Ulta Beauty from $460.00 to $475.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $459.22.

Ulta Beauty Stock Up 2.4 %

Shares of Ulta Beauty stock opened at $351.63 on Thursday. The stock’s fifty day moving average is $397.92 and its 200-day moving average is $388.32. The firm has a market capitalization of $16.31 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.07 earnings per share. Analysts expect that Ulta Beauty, Inc. will post 23.96 EPS for the current 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.