Ulta Beauty Inc. $ULTA Shares Acquired by Syon Capital LLC

Syon Capital LLC increased its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 90.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,354 shares of the specialty retailer’s stock after buying an additional 1,116 shares during the period. Syon Capital LLC’s holdings in Ulta Beauty were worth $1,287,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ULTA. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Ulta Beauty by 107.7% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 28 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in Ulta Beauty during the third quarter worth approximately $25,000. Grey Fox Wealth Advisors LLC acquired a new position in Ulta Beauty during the third quarter worth about $31,000. Abich Financial Wealth Management LLC bought a new stake in Ulta Beauty in the third quarter worth about $31,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Ulta Beauty during the 2nd quarter valued at about $35,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Down 2.5%

ULTA opened at $689.42 on Thursday. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $714.97. The stock’s 50 day simple moving average is $646.18 and its 200-day simple moving average is $570.38. The stock has a market cap of $30.58 billion, a PE ratio of 26.43, a P/E/G ratio of 3.30 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.61 by $0.53. Ulta Beauty had a return on equity of 46.33% and a net margin of 9.93%.The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the firm posted $5.14 EPS. 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.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several recent research reports. Argus lifted their price target 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. Piper Sandler reissued an “overweight” rating and set a $775.00 price target on shares of Ulta Beauty in a research report on Tuesday, January 27th. Evercore increased their price target on shares of Ulta Beauty from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Zacks Research downgraded shares of Ulta Beauty from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Finally, B. Riley Financial reissued a “neutral” rating on shares of Ulta Beauty in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ulta Beauty currently has an average rating of “Moderate Buy” and an average target price of $626.44.

About Ulta Beauty

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.