Shell Asset Management Co. Sells 2,692 Shares of Ulta Beauty Inc. $ULTA

Shell Asset Management Co. trimmed its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 75.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 860 shares of the specialty retailer’s stock after selling 2,692 shares during the period. Shell Asset Management Co.’s holdings in Ulta Beauty were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC grew its position in shares of Ulta Beauty by 107.7% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 28 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in Ulta Beauty in the 3rd quarter worth about $25,000. Grey Fox Wealth Advisors LLC purchased a new position in Ulta Beauty during the 3rd quarter valued at about $31,000. Abich Financial Wealth Management LLC bought a new stake in shares of Ulta Beauty during the third quarter valued at about $31,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Ulta Beauty in the second quarter worth about $35,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of ULTA opened at $706.82 on Wednesday. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $707.25. The stock has a 50 day simple moving average of $644.40 and a two-hundred day simple moving average of $569.54. The firm has a market cap of $31.35 billion, a P/E ratio of 27.10, a P/E/G 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, 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 firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the firm posted $5.14 earnings per share. The business’s 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. On average, equities analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ULTA. Robert W. Baird set a $700.00 price objective on shares of Ulta Beauty in a research report on Wednesday, December 17th. Argus raised their price target on shares of Ulta Beauty from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday, January 2nd. Piper Sandler restated an “overweight” rating and set a $775.00 price target on shares of Ulta Beauty in a research report on Tuesday, January 27th. B. Riley Financial reiterated a “neutral” rating on shares of Ulta Beauty in a research report on Monday, December 8th. Finally, DA Davidson lifted their price objective on Ulta Beauty from $625.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $626.44.

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.