Groupama Asset Managment Has $572,000 Position in Ulta Beauty Inc. $ULTA

Key Points

• Groupama Asset Management reduced its stake in Ulta Beauty Inc. by 26.2%, now holding 1,592 shares valued at $572,000 as of the latest reported period.
• Despite the sell-off by Groupama, other hedge funds like Wambolt & Associates LLC and Westside Investment Management Inc. have increased their stakes, showing continued interest in the company.
• Ulta Beauty reported $6.70 earnings per share for its latest quarter, exceeding estimates of $5.73, with a revenue of $2.85 billion during that period.

Groupama Asset Managment lowered its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 26.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,592 shares of the specialty retailer's stock after selling 565 shares during the period. Groupama Asset Managment's holdings in Ulta Beauty were worth $572,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wambolt & Associates LLC increased its holdings in Ulta Beauty by 1.6% in the first quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer's stock worth $626,000 after buying an additional 26 shares during the last quarter. Westside Investment Management Inc. increased its holdings in Ulta Beauty by 32.5% in the first quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer's stock worth $40,000 after buying an additional 27 shares during the last quarter. Procyon Advisors LLC increased its holdings in Ulta Beauty by 4.3% in the first quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer's stock worth $259,000 after buying an additional 29 shares during the last quarter. Lido Advisors LLC boosted its position in Ulta Beauty by 5.0% during the fourth quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock worth $272,000 after purchasing an additional 30 shares during the period. Finally, Sagespring Wealth Partners LLC boosted its position in Ulta Beauty by 5.0% during the first quarter. Sagespring Wealth Partners LLC now owns 625 shares of the specialty retailer's stock worth $229,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Trading Up 0.0%

ULTA opened at $516.69 on Thursday. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $534.10. The stock has a market capitalization of $23.23 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 3.11 and a beta of 1.12. The business has a 50 day moving average of $491.57 and a 200-day moving average of $420.54.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating the consensus estimate of $5.73 by $0.97. The company had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%.Ulta Beauty's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $6.47 earnings per share. Ulta Beauty has set its FY 2025 guidance at 22.650-23.200 EPS. Equities analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Loop Capital reaffirmed a "hold" rating and set a $510.00 target price on shares of Ulta Beauty in a research report on Friday, July 25th. Wall Street Zen cut Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Canaccord Genuity Group upped their target price on Ulta Beauty from $542.00 to $600.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Oppenheimer upped their target price on Ulta Beauty from $510.00 to $600.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $520.00 target price on shares of Ulta Beauty in a research report on Friday, July 11th. Twelve equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $475.17.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.

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