Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. trimmed its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 93.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 689 shares of the specialty retailer’s stock after selling 9,758 shares during the period. Geneos Wealth Management Inc.’s holdings in Ulta Beauty were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Farther Finance Advisors LLC increased its stake in shares of Ulta Beauty by 4.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 627 shares of the specialty retailer’s stock worth $244,000 after acquiring an additional 28 shares during the last quarter. Global Trust Asset Management LLC raised its stake in Ulta Beauty by 39.6% during the third quarter. Global Trust Asset Management LLC now owns 141 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 40 shares during the period. Empirical Finance LLC boosted its holdings in Ulta Beauty by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 3,231 shares of the specialty retailer’s stock valued at $1,257,000 after purchasing an additional 42 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Ulta Beauty by 0.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,817 shares of the specialty retailer’s stock valued at $1,874,000 after buying an additional 43 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Ulta Beauty by 22.4% during the 3rd quarter. Blue Trust Inc. now owns 240 shares of the specialty retailer’s stock worth $93,000 after buying an additional 44 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Down 0.6 %

NASDAQ ULTA opened at $410.66 on Thursday. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The firm has a 50 day moving average of $410.50 and a two-hundred day moving average of $385.57. The stock has a market capitalization of $19.04 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.45 by $0.69. The firm 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 quarter in the prior year, the company posted $5.07 earnings per share. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ULTA. Telsey Advisory Group reiterated an “outperform” rating and issued a $500.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 7th. Morgan Stanley raised Ulta Beauty from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $430.00 to $500.00 in a research note on Tuesday, January 21st. DA Davidson raised their price objective on Ulta Beauty from $435.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. UBS Group upped their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Oppenheimer lifted their price target on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Ulta Beauty currently has an average rating of “Hold” and an average target price of $459.22.

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.