Jupiter Asset Management Ltd. Sells 5,181 Shares of Ulta Beauty Inc. $ULTA

Jupiter Asset Management Ltd. lessened its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 14.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,540 shares of the specialty retailer’s stock after selling 5,181 shares during the period. Jupiter Asset Management Ltd.’s holdings in Ulta Beauty were worth $16,698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in ULTA. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Ulta Beauty by 107.7% during the 2nd 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. Harbor Capital Advisors Inc. purchased a new stake in Ulta Beauty during the third quarter valued at about $25,000. Grey Fox Wealth Advisors LLC purchased a new stake in Ulta Beauty during the third quarter valued at about $31,000. Abich Financial Wealth Management LLC bought a new stake in Ulta Beauty during the third quarter worth about $31,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Ulta Beauty in the 2nd quarter worth about $35,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Zacks Research cut Ulta Beauty from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. JPMorgan Chase & Co. lifted their price target on shares of Ulta Beauty from $600.00 to $606.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. B. Riley Financial restated a “neutral” rating on shares of Ulta Beauty in a report on Monday, December 8th. UBS Group upped their price objective 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ulta Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $626.84.

Ulta Beauty Stock Down 1.4%

NASDAQ:ULTA opened at $682.89 on Friday. The company has a fifty day moving average of $649.79 and a 200 day moving average of $572.40. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $714.97. The firm has a market capitalization of $30.29 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.23 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm earned $5.14 EPS. The company’s revenue was up 12.9% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.

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.