Ulta Beauty Inc. $ULTA Shares Sold by Bayforest Capital Ltd

Bayforest Capital Ltd decreased its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 72.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 349 shares of the specialty retailer’s stock after selling 941 shares during the period. Bayforest Capital Ltd’s holdings in Ulta Beauty were worth $191,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. J. Safra Sarasin Holding AG boosted its position in Ulta Beauty by 167.8% during the second quarter. J. Safra Sarasin Holding AG now owns 4,513 shares of the specialty retailer’s stock worth $2,111,000 after acquiring an additional 2,828 shares during the last quarter. Swedbank AB lifted its stake in Ulta Beauty by 6.7% in the 3rd quarter. Swedbank AB now owns 581,506 shares of the specialty retailer’s stock worth $317,938,000 after purchasing an additional 36,456 shares in the last quarter. Stance Capital LLC acquired a new position in shares of Ulta Beauty during the 2nd quarter worth approximately $3,809,000. Assenagon Asset Management S.A. grew its position in shares of Ulta Beauty by 90.1% in the third quarter. Assenagon Asset Management S.A. now owns 36,647 shares of the specialty retailer’s stock valued at $20,037,000 after purchasing an additional 17,365 shares in the last quarter. Finally, Ascent Group LLC acquired a new stake in shares of Ulta Beauty in the second quarter valued at approximately $395,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Up 0.5%

Shares of ULTA opened at $664.85 on Wednesday. The company’s 50-day moving average price is $575.02 and its 200 day moving average price is $537.81. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $675.65. The firm has a market cap of $29.49 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 3.44 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.61 by $0.53. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.70 billion. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. Ulta Beauty’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm posted $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Equities research analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

ULTA has been the topic of a number of recent research reports. Morgan Stanley boosted their price objective on Ulta Beauty from $600.00 to $640.00 and gave the stock an “overweight” rating in a research note on Sunday, December 7th. Robert W. Baird set a $700.00 price target on Ulta Beauty in a report on Wednesday, December 17th. Bank of America upped their price objective on shares of Ulta Beauty from $610.00 to $685.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Argus raised their price objective on shares of Ulta Beauty from $650.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, January 2nd. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Ulta Beauty in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $597.24.

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.