Voya Investment Management LLC Reduces Stake in Ulta Beauty Inc. $ULTA

Voya Investment Management LLC lowered its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 31.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,327 shares of the specialty retailer’s stock after selling 5,585 shares during the period. Voya Investment Management LLC’s holdings in Ulta Beauty were worth $6,740,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SVB Wealth LLC purchased a new position in Ulta Beauty in the first quarter worth about $53,000. Synovus Financial Corp lifted its stake in shares of Ulta Beauty by 52.3% in the 1st quarter. Synovus Financial Corp now owns 3,258 shares of the specialty retailer’s stock worth $1,194,000 after purchasing an additional 1,119 shares during the period. Freedom Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 10.7% in the first quarter. Freedom Investment Management Inc. now owns 675 shares of the specialty retailer’s stock worth $247,000 after buying an additional 65 shares during the last quarter. Comerica Bank boosted its holdings in shares of Ulta Beauty by 14.4% in the first quarter. Comerica Bank now owns 8,482 shares of the specialty retailer’s stock worth $3,109,000 after buying an additional 1,068 shares during the last quarter. Finally, Ieq Capital LLC grew its position in Ulta Beauty by 145.6% during the first quarter. Ieq Capital LLC now owns 15,634 shares of the specialty retailer’s stock valued at $5,730,000 after buying an additional 9,268 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 0.7%

Shares of Ulta Beauty stock opened at $608.10 on Thursday. The company has a market capitalization of $26.98 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 3.19 and a beta of 0.87. The stock’s 50-day simple moving average is $544.01 and its 200-day simple moving average is $521.04. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $616.34.

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, topping the consensus estimate 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 analysts’ expectations of $2.70 billion. During the same quarter last year, the business posted $5.14 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. On average, equities analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several recent research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $640.00 price target (up from $610.00) on shares of Ulta Beauty in a research report on Monday, December 1st. B. Riley reaffirmed a “neutral” rating on shares of Ulta Beauty in a report on Monday, December 8th. TD Cowen upgraded Ulta Beauty from a “hold” rating to a “buy” rating and lifted their target price for the company from $600.00 to $725.00 in a research report on Monday, December 8th. Robert W. Baird set a $700.00 price target on Ulta Beauty in a report on Wednesday, December 17th. Finally, Morgan Stanley raised their price objective on Ulta Beauty from $600.00 to $640.00 and gave the stock an “overweight” rating in a research note on Sunday, December 7th. Sixteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $576.50.

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.