QRG Capital Management Inc. Trims Position in Ulta Beauty Inc. $ULTA

QRG Capital Management Inc. decreased its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 80.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,326 shares of the specialty retailer’s stock after selling 17,527 shares during the quarter. QRG Capital Management Inc.’s holdings in Ulta Beauty were worth $2,365,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cary Street Partners Investment Advisory LLC raised its holdings in Ulta Beauty by 107.7% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 28 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in shares of Ulta Beauty during the third quarter worth about $25,000. Hemington Wealth Management raised its stake in Ulta Beauty by 142.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 40 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Ulta Beauty in the 2nd quarter worth approximately $35,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in Ulta Beauty by 52.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 76 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

ULTA has been the subject of a number of research analyst reports. Zacks Research raised shares of Ulta Beauty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. UBS Group raised their target price on shares of Ulta Beauty from $690.00 to $780.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Wells Fargo & Company lifted their price target on shares of Ulta Beauty from $425.00 to $450.00 and gave the company an “underweight” rating in a report on Thursday, October 16th. DA Davidson boosted their price target on shares of Ulta Beauty from $625.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Finally, JPMorgan Chase & Co. raised their price objective on Ulta Beauty from $600.00 to $606.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. One research 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 given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $607.64.

Ulta Beauty Stock Down 0.2%

Ulta Beauty stock opened at $663.48 on Tuesday. The company’s 50-day moving average price is $586.82 and its 200-day moving average price is $543.17. The company has a market cap 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 Inc. has a twelve month low of $309.01 and a twelve month high of $675.65.

Ulta Beauty (NASDAQ:ULTA) last announced 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 net margin of 9.93% and a return on equity of 46.33%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the firm earned $5.14 EPS. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, sell-side analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

About Ulta Beauty

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.