Bayforest Capital Ltd Cuts Stock Position in Ulta Beauty Inc. $ULTA

Bayforest Capital Ltd decreased its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 72.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 349 shares of the specialty retailer’s stock after selling 941 shares during the period. Bayforest Capital Ltd’s holdings in Ulta Beauty were worth $191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. J. Safra Sarasin Holding AG lifted its position in shares of Ulta Beauty by 167.8% during the second quarter. J. Safra Sarasin Holding AG now owns 4,513 shares of the specialty retailer’s stock worth $2,111,000 after purchasing an additional 2,828 shares in the last quarter. Swedbank AB grew its holdings in shares of Ulta Beauty by 6.7% in the third quarter. Swedbank AB now owns 581,506 shares of the specialty retailer’s stock valued at $317,938,000 after purchasing an additional 36,456 shares in the last quarter. Stance Capital LLC purchased a new stake in Ulta Beauty during the 2nd quarter worth approximately $3,809,000. Assenagon Asset Management S.A. lifted its holdings in Ulta Beauty by 90.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 36,647 shares of the specialty retailer’s stock worth $20,037,000 after buying an additional 17,365 shares in the last quarter. Finally, Ascent Group LLC purchased a new position in Ulta Beauty in the 2nd quarter valued at approximately $395,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $664.85 on Wednesday. The business has a 50-day moving average of $575.02 and a two-hundred day moving average of $537.81. The company has a market capitalization of $29.49 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 3.44 and a beta of 0.85. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $675.65.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data 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 46.33% and a net margin of 9.93%.The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the business posted $5.14 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, equities research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analyst Ratings Changes

ULTA has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Ulta Beauty from $600.00 to $606.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. Guggenheim reiterated a “neutral” rating on shares of Ulta Beauty in a report on Friday, December 5th. Robert W. Baird set a $700.00 price target on Ulta Beauty in a report on Wednesday, December 17th. TD Cowen raised Ulta Beauty from a “hold” rating to a “buy” rating and increased their price target for the company from $600.00 to $725.00 in a research report on Monday, December 8th. Finally, Deutsche Bank Aktiengesellschaft set a $732.00 price objective on Ulta Beauty in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $597.24.

Ulta Beauty Company Profile

Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.