Geneva Capital Management LLC Decreases Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

Geneva Capital Management LLC reduced its position in Ulta Beauty, Inc. (NASDAQ:ULTA) by 26.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,679 shares of the specialty retailer’s stock after selling 9,981 shares during the quarter. Geneva Capital Management LLC owned about 0.06% of Ulta Beauty worth $10,771,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ULTA. Winslow Asset Management Inc. grew its stake in Ulta Beauty by 0.9% during the 3rd quarter. Winslow Asset Management Inc. now owns 17,118 shares of the specialty retailer’s stock worth $6,661,000 after buying an additional 151 shares during the last quarter. Meridian Management Co. grew its stake in shares of Ulta Beauty by 2.0% during the third quarter. Meridian Management Co. now owns 12,316 shares of the specialty retailer’s stock worth $4,792,000 after acquiring an additional 239 shares during the last quarter. Rakuten Securities Inc. grew its position in Ulta Beauty by 2,683.3% during the 3rd quarter. Rakuten Securities Inc. now owns 334 shares of the specialty retailer’s stock worth $130,000 after purchasing an additional 322 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Ulta Beauty by 1.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 111,909 shares of the specialty retailer’s stock worth $43,546,000 after buying an additional 1,687 shares during the period. Finally, Entropy Technologies LP lifted its stake in Ulta Beauty by 1.9% during the 3rd quarter. Entropy Technologies LP now owns 10,320 shares of the specialty retailer’s stock valued at $4,016,000 after acquiring an additional 191 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Robert W. Baird lowered their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. Stifel Nicolaus upped their target price on Ulta Beauty from $385.00 to $395.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. The Goldman Sachs Group decreased their price target on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a report on Monday, August 12th. B. Riley assumed coverage on Ulta Beauty in a research report on Tuesday, September 10th. They issued a “sell” rating and a $300.00 price objective on the stock. Finally, Barclays lifted their target price on shares of Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $420.71.

Ulta Beauty Stock Performance

ULTA opened at $379.79 on Wednesday. The business’s 50 day moving average price is $378.86 and its 200 day moving average price is $379.82. The stock has a market capitalization of $17.90 billion, a PE ratio of 15.24, a P/E/G ratio of 2.19 and a beta of 1.33. Ulta Beauty, Inc. has a one year low of $318.17 and a one year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period in the previous year, the business posted $6.02 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities research analysts forecast that Ulta Beauty, Inc. will post 23.07 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.