Smead Capital Management Inc. Has $83.88 Million Stake in Ulta Beauty Inc. $ULTA

Smead Capital Management Inc. lessened its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 7.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 153,423 shares of the specialty retailer’s stock after selling 11,735 shares during the period. Ulta Beauty comprises 1.6% of Smead Capital Management Inc.’s holdings, making the stock its 25th largest holding. Smead Capital Management Inc. owned 0.34% of Ulta Beauty worth $83,884,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ULTA. Harbor Capital Advisors Inc. acquired a new stake in Ulta Beauty during the third quarter worth approximately $25,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Ulta Beauty by 107.7% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 28 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in shares of Ulta Beauty in the third quarter worth $31,000. Abich Financial Wealth Management LLC acquired a new position in Ulta Beauty in the third quarter valued at about $31,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Ulta Beauty during the second quarter worth about $35,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 1.4%

NASDAQ ULTA opened at $682.89 on Friday. The company has a market cap of $30.29 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 3.23 and a beta of 0.85. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $714.97. The business’s fifty day moving average is $649.79 and its 200 day moving average is $572.40.

Ulta Beauty (NASDAQ:ULTA) last issued its 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 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 prior year, the firm earned $5.14 EPS. The business’s revenue for the quarter 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, research analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

ULTA has been the topic of several recent analyst reports. Evercore raised their target price on shares of Ulta Beauty from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Bank of America increased their price target on shares of Ulta Beauty from $610.00 to $685.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Barclays restated an “overweight” rating and set a $680.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft set a $732.00 target price on Ulta Beauty in a report on Thursday, January 8th. Finally, Raymond James Financial lifted their price target on Ulta Beauty from $647.00 to $800.00 and gave the company a “strong-buy” rating in a research note on Friday. One equities research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $626.84.

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.