Ulta Beauty Inc. $ULTA Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 12.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,317 shares of the specialty retailer’s stock after selling 1,379 shares during the period. Thrivent Financial for Lutherans’ holdings in Ulta Beauty were worth $4,359,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Neuberger Berman Group LLC increased its holdings in Ulta Beauty by 22.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 39,422 shares of the specialty retailer’s stock valued at $18,442,000 after purchasing an additional 7,113 shares in the last quarter. Stance Capital LLC purchased a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $3,809,000. B. Riley Wealth Advisors Inc. acquired a new position in Ulta Beauty during the 2nd quarter worth approximately $479,000. Newbridge Financial Services Group Inc. boosted its holdings in Ulta Beauty by 52.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 76 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 26 shares during the period. Finally, State of Wyoming acquired a new stake in Ulta Beauty in the second quarter valued at approximately $89,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $597.88 on Friday. The company has a market capitalization of $26.52 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 3.16 and a beta of 0.87. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $611.90. The stock has a 50-day simple moving average of $539.95 and a 200 day simple moving average of $518.06.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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%.Ulta Beauty’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. On average, equities research analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Bank of America boosted their target price on shares of Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Canaccord Genuity Group boosted their price objective on shares of Ulta Beauty from $653.00 to $674.00 and gave the stock a “buy” rating in a report on Friday, December 5th. The Goldman Sachs Group upped their price objective on shares of Ulta Beauty from $530.00 to $584.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Raymond James Financial reaffirmed an “outperform” rating on shares of Ulta Beauty in a research report on Friday, December 5th. Finally, Guggenheim reissued a “neutral” rating on shares of Ulta Beauty in a report on Friday, December 5th. Sixteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Ulta Beauty presently has an average rating of “Moderate Buy” and an average target price of $576.50.

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.