USA Financial Formulas Takes $747,000 Position in Ulta Beauty Inc. $ULTA

USA Financial Formulas bought a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,366 shares of the specialty retailer’s stock, valued at approximately $747,000.

Other hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its stake in shares of Ulta Beauty by 1.8% during the second quarter. Quadrant Capital Group LLC now owns 1,165 shares of the specialty retailer’s stock valued at $545,000 after buying an additional 21 shares during the last quarter. ORG Partners LLC lifted its stake in shares of Ulta Beauty by 17.7% in the 2nd quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock valued at $72,000 after acquiring an additional 23 shares during the last quarter. Chesley Taft & Associates LLC boosted its holdings in Ulta Beauty by 3.0% during the 2nd quarter. Chesley Taft & Associates LLC now owns 834 shares of the specialty retailer’s stock valued at $390,000 after acquiring an additional 24 shares during the period. OFI Invest Asset Management grew its position in Ulta Beauty by 6.8% during the 2nd quarter. OFI Invest Asset Management now owns 375 shares of the specialty retailer’s stock worth $175,000 after acquiring an additional 24 shares during the last quarter. Finally, Richard W. Paul & Associates LLC increased its stake in Ulta Beauty by 0.8% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 2,990 shares of the specialty retailer’s stock worth $1,399,000 after purchasing an additional 24 shares during the period. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Trading Up 0.7%

NASDAQ:ULTA opened at $597.88 on Friday. The company has a 50-day moving average price of $539.95 and a 200-day moving average price of $518.06. The stock has a market cap of $26.52 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 3.16 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.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on ULTA. Robert W. Baird set a $700.00 price objective on Ulta Beauty in a research note on Wednesday. Guggenheim reiterated a “neutral” rating on shares of Ulta Beauty in a report on Friday, December 5th. Barclays reissued an “overweight” rating and set a $647.00 price target on shares of Ulta Beauty in a research report on Friday, December 5th. Evercore ISI boosted their price objective on shares of Ulta Beauty from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. Finally, Bank of America upped their price objective on shares of Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Sixteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $576.50.

Ulta Beauty 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.