QRG Capital Management Inc. Lowers Position in Ulta Beauty Inc. $ULTA

QRG Capital Management Inc. trimmed its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 80.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,326 shares of the specialty retailer’s stock after selling 17,527 shares during the period. QRG Capital Management Inc.’s holdings in Ulta Beauty were worth $2,365,000 at the end of the most recent reporting period.

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

Ulta Beauty Trading Down 0.2%

ULTA opened at $663.48 on Tuesday. The company has a market capitalization of $29.43 billion, a PE ratio of 25.44, a PEG ratio of 3.45 and a beta of 0.85. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $675.65. The firm’s 50 day simple moving average is $586.82 and its two-hundred day simple moving average is $543.17.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.61 by $0.53. Ulta Beauty had a return on equity of 46.33% and a net margin of 9.93%.The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the business earned $5.14 earnings per share. Ulta Beauty’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. Equities analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ULTA shares. Bank of America upped their price target on shares of Ulta Beauty from $610.00 to $685.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Raymond James Financial reiterated an “outperform” rating on shares of Ulta Beauty in a research note on Friday, December 5th. Oppenheimer set a $675.00 price target on shares of Ulta Beauty in a research report on Wednesday, December 10th. DA Davidson upped 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, Wells Fargo & Company lifted their target price on Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $607.64.

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.