Hsbc Holdings PLC Sells 121,532 Shares of Ulta Beauty Inc. $ULTA

Key Points

• Hsbc Holdings PLC has reduced its stake in Ulta Beauty by 47.6%, selling 121,532 shares and now holds 0.30% of the company's stock worth approximately $49 million.
• Ulta Beauty reported earnings of $6.70 per share for the last quarter, exceeding analysts' expectations of $5.73, with revenues up 4.5% year-over-year.
• Analysts have varying ratings for Ulta Beauty, with a consensus rating of "Hold" and a target price of $480.17, reflecting a mix of buy, hold, and sell recommendations.

Hsbc Holdings PLC reduced its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 47.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 134,025 shares of the specialty retailer's stock after selling 121,532 shares during the period. Hsbc Holdings PLC owned 0.30% of Ulta Beauty worth $49,007,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Ulta Beauty by 15.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,950 shares of the specialty retailer's stock valued at $1,448,000 after buying an additional 520 shares in the last quarter. Versor Investments LP bought a new stake in shares of Ulta Beauty in the 1st quarter valued at about $1,136,000. Algert Global LLC bought a new stake in shares of Ulta Beauty in the 1st quarter valued at about $484,000. Raymond James Financial Inc. boosted its holdings in shares of Ulta Beauty by 14.9% in the 1st quarter. Raymond James Financial Inc. now owns 74,327 shares of the specialty retailer's stock valued at $27,244,000 after buying an additional 9,614 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Ulta Beauty by 36.4% in the 1st quarter. American Century Companies Inc. now owns 116,383 shares of the specialty retailer's stock valued at $42,659,000 after buying an additional 31,049 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Trading Up 0.7%

ULTA opened at $520.18 on Friday. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $534.10. The firm has a market capitalization of $23.38 billion, a PE ratio of 20.32, a P/E/G ratio of 3.11 and a beta of 1.12. The firm has a 50 day moving average of $492.73 and a two-hundred day moving average of $421.31.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ULTA shares. Piper Sandler restated a "neutral" rating and issued a $437.00 price target (up from $386.00) on shares of Ulta Beauty in a report on Friday, May 30th. Loop Capital reaffirmed a "hold" rating and issued a $510.00 price objective on shares of Ulta Beauty in a research report on Friday, July 25th. Truist Financial increased their price objective on shares of Ulta Beauty from $364.00 to $386.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $520.00 price objective on shares of Ulta Beauty in a research report on Friday, July 11th. Finally, UBS Group increased their price objective on shares of Ulta Beauty from $525.00 to $640.00 and gave the company a "buy" rating in a research report on Thursday. Twelve analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $480.17.

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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