Bank of New York Mellon Corp Cuts Stock Holdings in Ulta Beauty Inc. $ULTA

Bank of New York Mellon Corp reduced its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 8.3% during the 3rd quarter, Holdings Channel reports. The fund owned 253,639 shares of the specialty retailer’s stock after selling 22,998 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ulta Beauty were worth $138,677,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ULTA. Harbor Capital Advisors Inc. acquired a new stake in Ulta Beauty in the 3rd quarter valued at about $25,000. Cary Street Partners Investment Advisory LLC increased its stake in shares of 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 worth $25,000 after buying an additional 28 shares during the period. Grey Fox Wealth Advisors LLC acquired a new stake in Ulta Beauty in the third quarter valued at approximately $31,000. Hemington Wealth Management raised its holdings in Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 40 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in Ulta Beauty in the second quarter worth approximately $35,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Stock Up 2.6%

Shares of NASDAQ ULTA opened at $647.36 on Friday. The business has a 50-day moving average price of $612.98 and a 200 day moving average price of $554.32. The stock has a market cap of $28.72 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 3.27 and a beta of 0.85. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $695.34.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.61 by $0.53. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Ulta Beauty had a return on equity of 46.33% and a net margin of 9.93%.The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Sell-side analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Ulta Beauty from $640.00 to $750.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Argus increased their target price on Ulta Beauty from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday, January 2nd. Wells Fargo & Company raised their price target on Ulta Beauty from $425.00 to $450.00 and gave the company an “underweight” rating in a research note on Thursday, October 16th. Barclays reaffirmed an “overweight” rating and set a $680.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 6th. Finally, B. Riley reissued a “neutral” rating on shares of Ulta Beauty in a research report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $626.44.

Ulta Beauty 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.