Versor Investments LP Cuts Stock Position in Ulta Beauty Inc. $ULTA

Versor Investments LP trimmed its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 74.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 699 shares of the specialty retailer’s stock after selling 1,996 shares during the period. Versor Investments LP’s holdings in Ulta Beauty were worth $382,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ULTA. Marshall Wace LLP boosted its stake in Ulta Beauty by 9.4% in the 2nd quarter. Marshall Wace LLP now owns 654,598 shares of the specialty retailer’s stock worth $306,234,000 after purchasing an additional 56,063 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Ulta Beauty by 5.4% in the second quarter. Franklin Resources Inc. now owns 582,635 shares of the specialty retailer’s stock worth $272,568,000 after buying an additional 30,100 shares in the last quarter. Swedbank AB boosted its position in shares of Ulta Beauty by 6.7% during the third quarter. Swedbank AB now owns 581,506 shares of the specialty retailer’s stock worth $317,938,000 after acquiring an additional 36,456 shares during the last quarter. Norges Bank purchased a new position in Ulta Beauty during the second quarter valued at $258,791,000. Finally, AQR Capital Management LLC increased its holdings in Ulta Beauty by 76.6% in the 2nd quarter. AQR Capital Management LLC now owns 477,504 shares of the specialty retailer’s stock valued at $222,794,000 after acquiring an additional 207,084 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

ULTA has been the subject of several research reports. B. Riley Financial reissued a “neutral” rating on shares of Ulta Beauty in a report on Monday, December 8th. TD Cowen raised their price target on Ulta Beauty from $725.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Bank of America lifted their price objective on Ulta Beauty from $610.00 to $685.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. upped their target price on shares of Ulta Beauty from $600.00 to $606.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. Finally, UBS Group raised their target price on shares of Ulta Beauty from $690.00 to $780.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. One research 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. Based on data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $626.44.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $667.18 on Friday. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $700.81. The company has a 50-day moving average of $638.81 and a 200 day moving average of $565.10. The firm has a market cap of $29.60 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly 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. 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 during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the business posted $5.14 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. 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 EPS for the current fiscal year.

Ulta Beauty Company 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.