Geneos Wealth Management Inc. Sells 387 Shares of Ulta Beauty Inc. $ULTA

Geneos Wealth Management Inc. lowered its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 56.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 302 shares of the specialty retailer’s stock after selling 387 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Ulta Beauty were worth $111,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. American National Bank & Trust bought a new stake in shares of Ulta Beauty in the 1st quarter valued at $29,000. Wayfinding Financial LLC bought a new stake in shares of Ulta Beauty in the 1st quarter valued at $31,000. Rakuten Securities Inc. increased its stake in shares of Ulta Beauty by 218.5% in the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 59 shares in the last quarter. North Star Investment Management Corp. increased its stake in shares of Ulta Beauty by 71.4% in the 1st quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 40 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new stake in Ulta Beauty during the 1st quarter valued at $36,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

ULTA opened at $528.80 on Thursday. The company has a market capitalization of $23.71 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 2.89 and a beta of 1.06. The firm’s fifty day moving average price is $511.98 and its two-hundred day moving average price is $440.67. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $539.00.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.03 by $0.75. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.30 EPS. As a group, equities analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ULTA. The Goldman Sachs Group boosted their price target on shares of Ulta Beauty from $530.00 to $584.00 and gave the company a “buy” rating in a research note on Friday, August 29th. UBS Group boosted their price target on shares of Ulta Beauty from $640.00 to $680.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Loop Capital restated a “hold” rating and set a $510.00 price target on shares of Ulta Beauty in a research note on Friday, July 25th. Citigroup boosted their price target on shares of Ulta Beauty from $450.00 to $550.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. Finally, Oppenheimer boosted their price target on shares of Ulta Beauty from $510.00 to $600.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $543.13.

Insider Buying and Selling at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the transaction, the director directly owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.17% of the company’s stock.

Ulta Beauty 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.