NEOS Investment Management LLC Boosts Stock Position in Ulta Beauty Inc. $ULTA

NEOS Investment Management LLC lifted its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 139.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,633 shares of the specialty retailer’s stock after acquiring an additional 952 shares during the quarter. NEOS Investment Management LLC’s holdings in Ulta Beauty were worth $893,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC lifted its holdings in Ulta Beauty by 107.7% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 28 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Ulta Beauty during the 3rd quarter valued at $25,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Ulta Beauty during the 3rd quarter valued at $31,000. Abich Financial Wealth Management LLC purchased a new position in shares of Ulta Beauty during the 3rd quarter valued at $31,000. Finally, Elevation Point Wealth Partners LLC bought a new position in Ulta Beauty in the 2nd quarter worth $35,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Price Performance

Shares of ULTA opened at $682.89 on Friday. The stock has a market capitalization of $30.29 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $714.97. The business’s 50 day simple moving average is $649.79 and its 200-day simple moving average is $572.83.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ULTA shares. Deutsche Bank Aktiengesellschaft set a $732.00 price target on Ulta Beauty in a report on Thursday, January 8th. Barclays reissued an “overweight” rating and set a $680.00 target price on shares of Ulta Beauty in a research note on Tuesday, January 6th. Bank of America upped their price target on Ulta Beauty from $610.00 to $685.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Guggenheim reiterated a “neutral” rating on shares of Ulta Beauty in a research report on Friday, December 5th. Finally, Raymond James Financial upped their target price on shares of Ulta Beauty from $647.00 to $800.00 and gave the stock a “strong-buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $626.84.

Ulta Beauty Company Profile

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.