Ulta Beauty Inc. $ULTA Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 36.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,864 shares of the specialty retailer’s stock after selling 3,336 shares during the quarter. Advisors Asset Management Inc.’s holdings in Ulta Beauty were worth $3,206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State of Wyoming increased its holdings in shares of Ulta Beauty by 10.5% in the 3rd quarter. State of Wyoming now owns 211 shares of the specialty retailer’s stock valued at $115,000 after acquiring an additional 20 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Ulta Beauty by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 1,165 shares of the specialty retailer’s stock worth $545,000 after purchasing an additional 21 shares during the period. Stratos Wealth Partners LTD. increased its stake in Ulta Beauty by 3.9% during the third quarter. Stratos Wealth Partners LTD. now owns 587 shares of the specialty retailer’s stock valued at $321,000 after purchasing an additional 22 shares during the last quarter. ORG Partners LLC raised its holdings in shares of Ulta Beauty by 15.0% during the third quarter. ORG Partners LLC now owns 176 shares of the specialty retailer’s stock worth $96,000 after purchasing an additional 23 shares during the period. Finally, Richard W. Paul & Associates LLC lifted its position in shares of Ulta Beauty by 0.8% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 2,990 shares of the specialty retailer’s stock worth $1,399,000 after buying an additional 24 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, January 21st. Piper Sandler reaffirmed an “overweight” rating and issued a $775.00 target price on shares of Ulta Beauty in a research report on Tuesday, January 27th. Guggenheim reissued a “neutral” rating on shares of Ulta Beauty in a report on Friday, December 5th. Evercore increased their price objective on shares of Ulta Beauty from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Finally, Zacks Research downgraded shares of Ulta Beauty from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $626.44.

Ulta Beauty Stock Up 2.4%

NASDAQ:ULTA opened at $683.40 on Friday. The stock has a fifty day simple moving average of $640.45 and a 200 day simple moving average of $566.61. The firm has a market capitalization of $30.32 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $700.81.

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