Smead Capital Management Inc. Has $83.88 Million Stock Position in Ulta Beauty Inc. $ULTA

Smead Capital Management Inc. lessened its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 7.1% during the third quarter, Holdings Channel.com reports. The firm owned 153,423 shares of the specialty retailer’s stock after selling 11,735 shares during the quarter. Ulta Beauty makes up 1.6% of Smead Capital Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Smead Capital Management Inc.’s holdings in Ulta Beauty were worth $83,884,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. State of Wyoming raised its position in Ulta Beauty by 10.5% during the 3rd quarter. State of Wyoming now owns 211 shares of the specialty retailer’s stock worth $115,000 after purchasing an additional 20 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Ulta Beauty by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 1,165 shares of the specialty retailer’s stock valued at $545,000 after buying an additional 21 shares during the period. Hardy Reed LLC increased its stake in shares of Ulta Beauty by 3.0% in the third quarter. Hardy Reed LLC now owns 767 shares of the specialty retailer’s stock valued at $419,000 after buying an additional 22 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of Ulta Beauty by 3.9% during the third quarter. Stratos Wealth Partners LTD. now owns 587 shares of the specialty retailer’s stock worth $321,000 after acquiring an additional 22 shares during the last quarter. Finally, ORG Partners LLC lifted its stake in shares of Ulta Beauty by 15.0% in the third quarter. ORG Partners LLC now owns 176 shares of the specialty retailer’s stock worth $96,000 after acquiring an additional 23 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on ULTA shares. Canaccord Genuity Group increased their target price on shares of Ulta Beauty from $653.00 to $674.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, January 21st. Robert W. Baird set a $700.00 price objective on shares of Ulta Beauty in a research report on Wednesday, December 17th. TD Cowen boosted their target price on shares of Ulta Beauty from $725.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, DA Davidson upped 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $626.84.

Ulta Beauty Stock Down 1.4%

Shares of NASDAQ ULTA opened at $682.89 on Friday. The firm has a market cap of $30.29 billion, a PE ratio of 26.18, a P/E/G ratio of 3.23 and a beta of 0.85. The company’s fifty day simple moving average is $649.79 and its 200 day simple moving average is $572.40. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly 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. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.70 billion. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. On average, 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.