Ulta Beauty Inc. $ULTA Shares Sold by Lafayette Investments Inc.

Lafayette Investments Inc. lessened its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 33.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,777 shares of the specialty retailer’s stock after selling 886 shares during the quarter. Lafayette Investments Inc.’s holdings in Ulta Beauty were worth $972,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State of Wyoming raised its position in Ulta Beauty by 10.5% in the third quarter. State of Wyoming now owns 211 shares of the specialty retailer’s stock worth $115,000 after acquiring an additional 20 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Ulta Beauty by 1.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,165 shares of the specialty retailer’s stock worth $545,000 after purchasing an additional 21 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Ulta Beauty by 3.9% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 587 shares of the specialty retailer’s stock worth $321,000 after purchasing an additional 22 shares in the last quarter. ORG Partners LLC lifted its stake in Ulta Beauty by 15.0% during the third quarter. ORG Partners LLC now owns 176 shares of the specialty retailer’s stock valued at $96,000 after purchasing an additional 23 shares during the last quarter. Finally, Richard W. Paul & Associates LLC lifted its stake in Ulta Beauty by 0.8% during the second quarter. Richard W. Paul & Associates LLC now owns 2,990 shares of the specialty retailer’s stock valued at $1,399,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Down 2.3%

Shares of NASDAQ ULTA opened at $667.18 on Friday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $700.81. The business has a 50-day moving average price of $638.81 and a two-hundred day moving average price of $565.10. The firm has a market capitalization of $29.60 billion, a PE ratio of 25.58, a PEG ratio of 3.19 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly 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 net margin of 9.93% and a return on equity of 46.33%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the firm earned $5.14 earnings per share. The firm’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. Research analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on ULTA. Evercore lifted 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. Piper Sandler restated an “overweight” rating and issued a $775.00 target price on shares of Ulta Beauty in a report on Tuesday, January 27th. UBS Group upped their target price on Ulta Beauty from $690.00 to $780.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Zacks Research lowered Ulta Beauty from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Oppenheimer boosted their price objective on Ulta Beauty from $675.00 to $750.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, 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.