Fulcrum Capital LLC Cuts Holdings in Ulta Beauty Inc. $ULTA

Fulcrum Capital LLC lowered its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,588 shares of the specialty retailer’s stock after selling 792 shares during the quarter. Ulta Beauty accounts for 2.0% of Fulcrum Capital LLC’s investment portfolio, making the stock its 19th biggest position. Fulcrum Capital LLC’s holdings in Ulta Beauty were worth $9,616,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ULTA. Quadrant Capital Group LLC boosted its holdings in shares of Ulta Beauty by 1.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,165 shares of the specialty retailer’s stock worth $545,000 after purchasing an additional 21 shares in the last quarter. ORG Partners LLC boosted its stake in Ulta Beauty by 17.7% in the second quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock worth $72,000 after buying an additional 23 shares in the last quarter. OFI Invest Asset Management raised its stake in shares of Ulta Beauty by 6.8% during 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 in the last quarter. 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. Finally, DNB Asset Management AS boosted its stake in shares of Ulta Beauty by 0.3% in the 2nd quarter. DNB Asset Management AS now owns 9,411 shares of the specialty retailer’s stock valued at $4,403,000 after purchasing an additional 25 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Trading Down 0.2%

Shares of NASDAQ ULTA opened at $663.48 on Friday. The firm has a fifty day simple moving average of $583.88 and a two-hundred day simple moving average of $540.92. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $675.65. The firm has a market capitalization of $29.43 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 3.45 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $0.53. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the company earned $5.14 earnings per share. Ulta Beauty’s quarterly 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. On average, sell-side analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

ULTA has been the subject of several recent research reports. Piper Sandler set a $615.00 price target on shares of Ulta Beauty in a research note on Friday, December 5th. Bank of America increased their target price on Ulta Beauty from $610.00 to $685.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Wall Street Zen cut Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Raymond James Financial reissued an “outperform” rating on shares of Ulta Beauty in a research note on Friday, December 5th. Finally, Argus lifted their target price on shares of Ulta Beauty from $650.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, January 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $607.64.

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.