Rahlfs Capital LLC Has $1.07 Million Stake in Ulta Beauty Inc. $ULTA

Key Points

• Rahlfs Capital LLC has reduced its investment in Ulta Beauty by 47.1%, now holding 2,925 shares valued at $1.07 million as of the last quarter.
• Ulta Beauty reported $6.70 EPS for the latest quarter, exceeding forecasts and showcasing a 4.5% year-over-year revenue growth.
• Institutional investors control 90.39% of Ulta Beauty's stock, with several hedge funds increasing their positions significantly during the same quarter.

Rahlfs Capital LLC decreased its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 47.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,925 shares of the specialty retailer's stock after selling 2,601 shares during the quarter. Rahlfs Capital LLC's holdings in Ulta Beauty were worth $1,072,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Allstate Corp boosted its holdings in shares of Ulta Beauty by 69.7% during the 1st quarter. Allstate Corp now owns 2,326 shares of the specialty retailer's stock valued at $853,000 after acquiring an additional 955 shares in the last quarter. Norinchukin Bank The boosted its holdings in shares of Ulta Beauty by 15.4% during the 1st quarter. Norinchukin Bank The now owns 2,551 shares of the specialty retailer's stock valued at $935,000 after acquiring an additional 341 shares in the last quarter. Kaufman Rossin Wealth LLC acquired a new stake in shares of Ulta Beauty during the 1st quarter valued at $250,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Ulta Beauty by 128.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer's stock valued at $449,021,000 after acquiring an additional 688,267 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 64.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer's stock valued at $341,453,000 after acquiring an additional 366,147 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Trading Up 1.8%

ULTA stock opened at $529.50 on Friday. The stock has a 50-day moving average price of $494.13 and a 200-day moving average price of $422.14. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $534.10. The firm has a market cap of $23.80 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 3.13 and a beta of 1.12.

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, topping the consensus estimate of $5.73 by $0.97. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%.The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same period last year, the company posted $6.47 EPS. The business's quarterly revenue was up 4.5% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 22.650-23.200 EPS. On average, analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ULTA shares. Morgan Stanley raised their price objective on Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a report on Friday, May 30th. DA Davidson lifted their target price on Ulta Beauty from $550.00 to $585.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Truist Financial lifted their target price on Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Canaccord Genuity Group lifted their target price on Ulta Beauty from $542.00 to $600.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Wall Street Zen raised Ulta Beauty from a "hold" rating to a "buy" rating in a report on Friday. Thirteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $487.96.

Ulta Beauty 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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