Impax Asset Management Group plc Sells 3,435 Shares of Ulta Beauty Inc. $ULTA

Impax Asset Management Group plc trimmed its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,068 shares of the specialty retailer’s stock after selling 3,435 shares during the period. Impax Asset Management Group plc owned about 0.09% of Ulta Beauty worth $23,001,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Norges Bank purchased a new stake in Ulta Beauty in the 2nd quarter worth approximately $258,791,000. AQR Capital Management LLC raised its holdings in shares of Ulta Beauty by 76.6% during the second quarter. AQR Capital Management LLC now owns 477,504 shares of the specialty retailer’s stock valued at $222,794,000 after acquiring an additional 207,084 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Ulta Beauty by 1,597.2% in the third quarter. Thrivent Financial for Lutherans now owns 158,132 shares of the specialty retailer’s stock worth $86,459,000 after acquiring an additional 148,815 shares during the period. Hudson Bay Capital Management LP bought a new stake in Ulta Beauty in the second quarter valued at $62,170,000. Finally, Rakuten Investment Management Inc. bought a new stake in Ulta Beauty in the third quarter valued at $71,997,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Down 2.4%

Ulta Beauty stock opened at $679.28 on Wednesday. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $700.81. The company has a market capitalization of $30.13 billion, a P/E ratio of 26.05, a PEG ratio of 3.25 and a beta of 0.85. The stock’s 50 day moving average is $633.37 and its 200 day moving average is $563.55.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data 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 business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the business earned $5.14 earnings per share. The firm’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. As a group, equities analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on ULTA. Robert W. Baird set a $700.00 price objective on shares of Ulta Beauty in a report on Wednesday, December 17th. Piper Sandler reissued an “overweight” rating and issued a $775.00 price target on shares of Ulta Beauty in a research note on Tuesday, January 27th. Jefferies Financial Group began coverage on shares of Ulta Beauty in a report on Wednesday, January 14th. They issued a “hold” rating and a $700.00 price objective for the company. Zacks Research downgraded Ulta Beauty from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ulta Beauty in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company 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.