Twin Capital Management Inc. Sells 1,400 Shares of Ulta Beauty Inc. $ULTA

Twin Capital Management Inc. reduced its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 40.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,022 shares of the specialty retailer’s stock after selling 1,400 shares during the quarter. Twin Capital Management Inc.’s holdings in Ulta Beauty were worth $1,106,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Harbor Capital Advisors Inc. acquired a new stake in Ulta Beauty in the 3rd quarter valued at approximately $25,000. Cary Street Partners Investment Advisory LLC grew its stake 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 acquiring an additional 28 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new position in Ulta Beauty during the third quarter worth $31,000. 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 last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Ulta Beauty in the 2nd quarter valued at $35,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ULTA. Weiss Ratings restated a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, January 21st. UBS Group upped their price target on Ulta Beauty from $690.00 to $780.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Evercore raised their price objective on Ulta Beauty from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. DA Davidson boosted their price objective on Ulta Beauty from $625.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Finally, Raymond James Financial raised Ulta Beauty from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $605.00 to $790.00 in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have assigned 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 a consensus price target of $626.44.

Ulta Beauty Trading Up 1.8%

Shares of ULTA opened at $690.37 on Friday. The stock has a market cap of $30.62 billion, a PE ratio of 26.47, a PEG ratio of 3.22 and a beta of 0.85. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $695.34. The stock has a 50 day simple moving average of $627.78 and a 200-day simple moving average of $560.74.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results 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 firm had revenue of $2.86 billion for 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 business’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business posted $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. On average, sell-side analysts forecast that Ulta Beauty Inc. will post 23.96 EPS 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.