Ulta Beauty Inc. $ULTA Shares Sold by Berkeley Inc

Berkeley Inc reduced its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 29.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,502 shares of the specialty retailer’s stock after selling 3,164 shares during the quarter. Berkeley Inc’s holdings in Ulta Beauty were worth $4,102,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Ulta Beauty in the second quarter valued at approximately $258,791,000. AQR Capital Management LLC grew its stake in shares of Ulta Beauty by 76.6% in the second quarter. AQR Capital Management LLC now owns 477,504 shares of the specialty retailer’s stock valued at $222,794,000 after buying an additional 207,084 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Ulta Beauty in the 2nd quarter valued at $62,170,000. Robeco Institutional Asset Management B.V. lifted its stake in Ulta Beauty by 137.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 212,952 shares of the specialty retailer’s stock worth $116,432,000 after acquiring an additional 123,230 shares in the last quarter. Finally, Amundi boosted its holdings in Ulta Beauty by 27.0% during the 2nd quarter. Amundi now owns 448,546 shares of the specialty retailer’s stock valued at $212,988,000 after acquiring an additional 95,320 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 1.8%

Shares of ULTA opened at $675.62 on Wednesday. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $678.10. The firm’s fifty day simple moving average is $589.87 and its 200-day simple moving average is $544.57. The firm has a market capitalization of $29.97 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 3.45 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.61 by $0.53. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.70 billion. Ulta Beauty had a return on equity of 46.33% and a net margin of 9.93%.Ulta Beauty’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. On average, analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of recent research reports. Evercore ISI boosted their price target on shares of Ulta Beauty from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. Argus increased their target price on shares of Ulta Beauty from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, January 2nd. UBS Group raised their price target on shares of Ulta Beauty from $690.00 to $780.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Zacks Research raised Ulta Beauty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Finally, Canaccord Genuity Group increased their price objective on Ulta Beauty from $653.00 to $674.00 and gave the company a “buy” rating in a research note on Friday, December 5th. One 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 stock. According to MarketBeat.com, Ulta Beauty currently has an average rating of “Moderate Buy” and an average price target of $610.64.

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.