Cooper Creek Partners Management LLC Sells 61,632 Shares of Ulta Beauty Inc. $ULTA

Cooper Creek Partners Management LLC trimmed its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 98.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 782 shares of the specialty retailer’s stock after selling 61,632 shares during the quarter. Cooper Creek Partners Management LLC’s holdings in Ulta Beauty were worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its stake in Ulta Beauty by 128.2% in the first 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 buying an additional 688,267 shares during the period. T. Rowe Price Investment Management Inc. lifted its position 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 during the period. JPMorgan Chase & Co. boosted its stake in Ulta Beauty by 81.7% during the first quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock worth $334,871,000 after acquiring an additional 410,900 shares in the last quarter. Invesco Ltd. grew its holdings in Ulta Beauty by 10.9% in the first quarter. Invesco Ltd. now owns 813,639 shares of the specialty retailer’s stock worth $298,231,000 after purchasing an additional 79,666 shares during the period. Finally, Marshall Wace LLP grew its holdings in Ulta Beauty by 9.4% in the second quarter. Marshall Wace LLP now owns 654,598 shares of the specialty retailer’s stock worth $306,234,000 after purchasing an additional 56,063 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ULTA. Guggenheim reissued a “neutral” rating on shares of Ulta Beauty in a research report on Friday. Argus upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price target on the stock in a report on Thursday, September 25th. Raymond James Financial restated an “outperform” rating on shares of Ulta Beauty in a report on Friday. Bank of America increased their target price on Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Finally, Citigroup lifted their price target on shares of Ulta Beauty from $450.00 to $550.00 and gave the company a “neutral” rating in a research report on Monday, August 18th. Fourteen 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $560.88.

Ulta Beauty Stock Up 12.7%

Shares of NASDAQ:ULTA opened at $601.50 on Friday. The stock has a market cap of $26.97 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 3.97 and a beta of 0.87. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $611.90. The business’s 50 day moving average is $532.44 and its 200 day moving average is $506.60.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.61 by $0.53. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.70 billion. Ulta Beauty had a return on equity of 47.46% and a net margin of 9.93%.Ulta Beauty’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.14 EPS. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, equities research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

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.