OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $6.18 Million in Ulta Beauty Inc. $ULTA

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the 2nd quarter, HoldingsChannel reports. The fund acquired 13,217 shares of the specialty retailer’s stock, valued at approximately $6,183,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. J. Safra Sarasin Holding AG lifted its stake in shares of Ulta Beauty by 167.8% in the second quarter. J. Safra Sarasin Holding AG now owns 4,513 shares of the specialty retailer’s stock worth $2,111,000 after buying an additional 2,828 shares in the last quarter. Ascent Group LLC bought a new stake in shares of Ulta Beauty during the second quarter valued at approximately $395,000. Allegiance Financial Group Advisory Services LLC bought a new stake in Ulta Beauty during the second quarter valued at about $306,000. Atria Investments Inc lifted its holdings in shares of Ulta Beauty by 14.7% during the second quarter. Atria Investments Inc now owns 4,051 shares of the specialty retailer’s stock worth $1,895,000 after purchasing an additional 518 shares during the period. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Ulta Beauty during the 2nd quarter worth approximately $262,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ULTA shares. Argus raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price objective for the company in a research report on Thursday, September 25th. Wells Fargo & Company boosted their target price on shares of Ulta Beauty from $425.00 to $450.00 and gave the company an “underweight” rating in a research note on Thursday, October 16th. Evercore ISI lifted their price objective on Ulta Beauty from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. TD Cowen raised 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. Finally, Guggenheim reiterated a “neutral” rating on shares of Ulta Beauty in a research report on Friday, December 5th. Sixteen investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $575.25.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $600.65 on Thursday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $611.90. The firm has a market capitalization of $26.64 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 3.18 and a beta of 0.87. The company’s fifty day moving average price is $535.17 and its 200-day moving average price is $510.59.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the business earned $5.14 EPS. Ulta Beauty’s revenue was up 12.9% compared to the same quarter last year. 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 EPS for the current year.

About Ulta Beauty

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.