Intech Investment Management LLC Buys 3,744 Shares of Ulta Beauty Inc. $ULTA

Intech Investment Management LLC grew its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 135.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,506 shares of the specialty retailer’s stock after buying an additional 3,744 shares during the period. Intech Investment Management LLC’s holdings in Ulta Beauty were worth $3,557,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Roberts Glore & Co. Inc. IL purchased a new position in Ulta Beauty during the third quarter valued at approximately $204,000. Fox Run Management L.L.C. increased its stake in shares of Ulta Beauty by 10.7% in the third quarter. Fox Run Management L.L.C. now owns 845 shares of the specialty retailer’s stock worth $462,000 after purchasing an additional 82 shares in the last quarter. Mufg Securities Americas Inc. raised its position in shares of Ulta Beauty by 21.1% during the 3rd quarter. Mufg Securities Americas Inc. now owns 1,212 shares of the specialty retailer’s stock valued at $663,000 after purchasing an additional 211 shares during the period. Lake Street Private Wealth LLC lifted its stake in shares of Ulta Beauty by 0.6% during the 3rd quarter. Lake Street Private Wealth LLC now owns 9,652 shares of the specialty retailer’s stock valued at $5,277,000 after buying an additional 62 shares in the last quarter. Finally, Baldwin Investment Management LLC lifted its stake in shares of Ulta Beauty by 4.4% during the 3rd quarter. Baldwin Investment Management LLC now owns 3,293 shares of the specialty retailer’s stock valued at $1,800,000 after buying an additional 140 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Robert W. Baird set a $700.00 price target on Ulta Beauty in a report on Wednesday, December 17th. UBS Group lifted their price objective on shares of Ulta Beauty from $690.00 to $780.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Morgan Stanley upped their target price on shares of Ulta Beauty from $640.00 to $750.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Evercore raised their target price on shares of Ulta Beauty from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Finally, Canaccord Genuity Group lifted their price target on shares of Ulta Beauty from $653.00 to $674.00 and gave the company a “buy” rating in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $626.84.

Ulta Beauty Stock Down 1.6%

Ulta Beauty stock opened at $684.79 on Monday. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $714.97. The firm’s fifty day moving average is $659.05 and its 200 day moving average is $579.35. The company has a market cap of $30.38 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 3.19 and a beta of 0.82.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.61 by $0.53. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.70 billion. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $5.14 EPS. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. On average, equities research analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

About Ulta Beauty

Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.