Federated Hermes Inc. Sells 5,309 Shares of Ulta Beauty Inc. $ULTA

Federated Hermes Inc. trimmed its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,236 shares of the specialty retailer’s stock after selling 5,309 shares during the quarter. Federated Hermes Inc. owned 0.50% of Ulta Beauty worth $122,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Ulta Beauty in the 3rd quarter valued at about $25,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Ulta Beauty by 107.7% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 28 shares during the period. Grey Fox Wealth Advisors LLC bought a new stake in Ulta Beauty in the third quarter valued at approximately $31,000. Hemington Wealth Management increased its position in Ulta Beauty by 142.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 40 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new position in Ulta Beauty during the 2nd quarter worth approximately $35,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $775.00 price objective on shares of Ulta Beauty in a research note on Tuesday. UBS Group upped their price target on shares of Ulta Beauty from $690.00 to $780.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Canaccord Genuity Group lifted their price objective on Ulta Beauty from $653.00 to $674.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Jefferies Financial Group assumed coverage on Ulta Beauty in a research note on Wednesday, January 14th. They issued a “hold” rating and a $700.00 price objective on the stock. Finally, Zacks Research raised Ulta Beauty from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $626.44.

Ulta Beauty Price Performance

Shares of ULTA opened at $651.30 on Wednesday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $695.34. The company has a market cap of $28.89 billion, a PE ratio of 24.97, a P/E/G ratio of 3.43 and a beta of 0.85. The stock has a 50-day moving average of $604.84 and a 200-day moving average of $551.44.

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, topping 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 for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the business earned $5.14 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

About Ulta Beauty

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.