Texas Permanent School Fund Corp Reduces Stock Position in Ulta Beauty Inc. $ULTA

Texas Permanent School Fund Corp lessened its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 37.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,144 shares of the specialty retailer’s stock after selling 1,873 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Ulta Beauty were worth $1,471,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. J. Safra Sarasin Holding AG raised its stake in Ulta Beauty by 167.8% during the second quarter. J. Safra Sarasin Holding AG now owns 4,513 shares of the specialty retailer’s stock worth $2,111,000 after purchasing an additional 2,828 shares during the period. Ascent Group LLC purchased a new stake in shares of Ulta Beauty in the 2nd quarter valued at approximately $395,000. Allegiance Financial Group Advisory Services LLC acquired a new stake in shares of Ulta Beauty during the 2nd quarter worth approximately $306,000. Atria Investments Inc raised its position in shares of Ulta Beauty by 14.7% during the 2nd quarter. Atria Investments Inc now owns 4,051 shares of the specialty retailer’s stock valued at $1,895,000 after buying an additional 518 shares during the period. Finally, Stance Capital LLC purchased a new stake in shares of Ulta Beauty during the 2nd quarter valued at approximately $3,809,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

ULTA has been the subject of several analyst reports. DA Davidson increased their price objective on Ulta Beauty from $625.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. B. Riley reiterated a “neutral” rating on shares of Ulta Beauty in a report on Monday, December 8th. Wells Fargo & Company raised their price objective on Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a research report on Thursday, October 16th. UBS Group raised their price target on Ulta Beauty from $680.00 to $690.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Finally, Argus upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price objective on the stock in a report on Thursday, September 25th. Sixteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $576.50.

Ulta Beauty Stock Down 1.4%

NASDAQ:ULTA opened at $604.09 on Wednesday. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $616.34. The company has a fifty day simple moving average of $542.62 and a two-hundred day simple moving average of $520.43. The company has a market cap of $26.80 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 3.24 and a beta of 0.87.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the business posted $5.14 earnings per share. Ulta Beauty’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, analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Ulta Beauty Company 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.