Pacer Advisors Inc. Sells 157,910 Shares of Ulta Beauty Inc. $ULTA

by · The Markets Daily

Pacer Advisors Inc. decreased its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) by 97.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,585 shares of the specialty retailer’s stock after selling 157,910 shares during the period. Pacer Advisors Inc.’s holdings in Ulta Beauty were worth $1,960,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ULTA. Norges Bank purchased a new position in shares of Ulta Beauty during the second quarter worth approximately $258,791,000. AQR Capital Management LLC grew its stake in Ulta Beauty by 76.6% in the second quarter. AQR Capital Management LLC now owns 477,504 shares of the specialty retailer’s stock worth $222,794,000 after purchasing an additional 207,084 shares in the last quarter. Interval Partners LP increased its holdings in Ulta Beauty by 2,962.9% during the 1st quarter. Interval Partners LP now owns 191,828 shares of the specialty retailer’s stock worth $70,313,000 after purchasing an additional 185,565 shares during the period. Swedbank AB raised its position in Ulta Beauty by 46.1% during the 1st quarter. Swedbank AB now owns 464,316 shares of the specialty retailer’s stock valued at $170,190,000 after purchasing an additional 146,402 shares in the last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Ulta Beauty in the 2nd quarter worth $62,170,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Stock Down 0.3%

NASDAQ:ULTA opened at $605.01 on Thursday. The stock has a market capitalization of $26.84 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 3.20 and a beta of 0.87. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $616.34. The firm has a 50 day moving average of $551.86 and a 200 day moving average of $526.10.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last issued 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 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 firm posted $5.14 earnings per share. The business’s quarterly 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. As a group, analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Oppenheimer set a $675.00 price target on Ulta Beauty in a research note on Wednesday, December 10th. Argus upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 target price on the stock in a report on Thursday, September 25th. TD Cowen upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and boosted their price target for the company from $600.00 to $725.00 in a report on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ulta Beauty in a research report on Wednesday, October 8th. Finally, Cowen raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a report on Monday, December 8th. Sixteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $576.50.

View Our Latest Research Report on Ulta Beauty

Ulta Beauty Profile

(Free Report)

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.

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