Cooper Creek Partners Management LLC Sells 61,632 Shares of Ulta Beauty Inc. $ULTA

Cooper Creek Partners Management LLC reduced its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 98.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 782 shares of the specialty retailer’s stock after selling 61,632 shares during the period. Cooper Creek Partners Management LLC’s holdings in Ulta Beauty were worth $366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its position in shares of Ulta Beauty by 1.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,165 shares of the specialty retailer’s stock worth $545,000 after buying an additional 21 shares during the last quarter. ORG Partners LLC raised its stake in Ulta Beauty by 17.7% during the second quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 23 shares in the last quarter. Chesley Taft & Associates LLC lifted its holdings in shares of Ulta Beauty by 3.0% in the second quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer’s stock worth $390,000 after acquiring an additional 24 shares during the last quarter. OFI Invest Asset Management lifted its holdings in shares of Ulta Beauty by 6.8% in the second quarter. OFI Invest Asset Management now owns 375 shares of the specialty retailer’s stock worth $175,000 after acquiring an additional 24 shares during the last quarter. Finally, Richard W. Paul & Associates LLC boosted its stake in shares of Ulta Beauty by 0.8% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 2,990 shares of the specialty retailer’s stock valued at $1,399,000 after purchasing an additional 24 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Up 12.7%

NASDAQ ULTA opened at $601.50 on Friday. The company has a market capitalization of $26.97 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 3.97 and a beta of 0.87. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $611.90. The stock has a fifty day simple moving average of $532.44 and a 200 day simple moving average of $506.60.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.61 by $0.53. Ulta Beauty had a return on equity of 47.46% and a net margin of 9.93%.The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the company posted $5.14 EPS. The business’s revenue was up 12.9% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Argus upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price objective for the company in a research report on Thursday, September 25th. Wells Fargo & Company boosted their target price on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a research note on Thursday, October 16th. Morgan Stanley upped their price target on shares of Ulta Beauty from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Robert W. Baird raised their price objective on Ulta Beauty from $600.00 to $670.00 and gave the company an “outperform” rating in a report on Friday. Finally, Piper Sandler set a $615.00 price objective on Ulta Beauty in a research report on Friday. Fourteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $560.88.

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.