Shell Asset Management Co. Reduces Holdings in Ulta Beauty Inc. $ULTA

Shell Asset Management Co. reduced its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 75.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 860 shares of the specialty retailer’s stock after selling 2,692 shares during the period. Shell Asset Management Co.’s holdings in Ulta Beauty were worth $470,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Ulta Beauty by 107.7% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 28 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Ulta Beauty during the 3rd quarter valued at $25,000. Grey Fox Wealth Advisors LLC purchased a new stake in Ulta Beauty during the 3rd quarter valued at $31,000. Abich Financial Wealth Management LLC bought a new stake in Ulta Beauty in the 3rd quarter worth $31,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Ulta Beauty in the second quarter valued at about $35,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 3.4%

ULTA opened at $706.82 on Wednesday. The company has a market cap of $31.35 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85. The stock has a fifty day simple moving average of $644.40 and a two-hundred day simple moving average of $569.54. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $707.25.

Ulta Beauty (NASDAQ:ULTA) last announced its 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. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.14 EPS. 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 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ULTA. Bank of America increased their target price on shares of Ulta Beauty from $610.00 to $685.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Barclays reaffirmed an “overweight” rating and set a $680.00 price target on shares of Ulta Beauty in a research report on Tuesday, January 6th. Raymond James Financial upgraded Ulta Beauty from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $605.00 to $790.00 in a research report on Wednesday, January 21st. Canaccord Genuity Group boosted their target price on Ulta Beauty from $653.00 to $674.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Piper Sandler restated an “overweight” rating and set a $775.00 target price on shares of Ulta Beauty in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $626.44.

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.