Jupiter Asset Management Ltd. Decreases Holdings in Ulta Beauty Inc. $ULTA

Jupiter Asset Management Ltd. decreased its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 14.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,540 shares of the specialty retailer’s stock after selling 5,181 shares during the period. Jupiter Asset Management Ltd. owned 0.07% of Ulta Beauty worth $16,698,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of ULTA. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Ulta Beauty by 107.7% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 28 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in Ulta Beauty in the third quarter worth $25,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of Ulta Beauty in the third quarter valued at $31,000. Abich Financial Wealth Management LLC purchased a new position in shares of Ulta Beauty during the 3rd quarter valued at $31,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Ulta Beauty during the 2nd quarter worth $35,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $682.89 on Friday. The firm has a fifty day moving average price of $649.79 and a two-hundred day moving average price of $572.40. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $714.97. The company has a market cap of $30.29 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.23 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly 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 firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior 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 expect that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ULTA. Bank of America boosted their price objective on Ulta Beauty from $610.00 to $685.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. DA Davidson boosted their price target on shares of Ulta Beauty from $625.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Oppenheimer upped their price target on shares of Ulta Beauty from $675.00 to $750.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Robert W. Baird set a $700.00 target price on shares of Ulta Beauty in a report on Wednesday, December 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ulta Beauty in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $626.84.

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.