Rakuten Investment Management Inc. Buys Shares of 131,681 Ulta Beauty Inc. $ULTA

Rakuten Investment Management Inc. bought a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 131,681 shares of the specialty retailer’s stock, valued at approximately $71,997,000. Rakuten Investment Management Inc. owned approximately 0.29% of Ulta Beauty as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC grew its position 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 worth $25,000 after buying an additional 28 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Ulta Beauty during the 3rd quarter valued at approximately $25,000. Hemington Wealth Management boosted its stake in shares of Ulta Beauty by 142.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty in the 3rd quarter worth approximately $31,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Ulta Beauty in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on Ulta Beauty from $600.00 to $606.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. B. Riley reissued a “neutral” rating on shares of Ulta Beauty in a research note on Monday, December 8th. Telsey Advisory Group restated an “outperform” rating and set a $640.00 target price (up from $610.00) on shares of Ulta Beauty in a report on Monday, December 1st. Evercore ISI lifted their target price on shares of Ulta Beauty from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Finally, UBS Group upped their price target on shares of Ulta Beauty from $690.00 to $780.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $618.04.

Ulta Beauty Trading Up 1.8%

Shares of ULTA stock opened at $675.62 on Wednesday. The company has a market capitalization of $29.97 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 3.45 and a beta of 0.85. The firm has a 50-day moving average price of $589.87 and a 200 day moving average price of $544.57. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $678.10.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 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 business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the firm posted $5.14 earnings per share. The company’s quarterly 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, research analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

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.