EFG Asset Management North America Corp. Acquires 1,145 Shares of Ulta Beauty Inc. $ULTA

EFG Asset Management North America Corp. raised its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 24.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,919 shares of the specialty retailer’s stock after acquiring an additional 1,145 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Ulta Beauty were worth $3,237,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ULTA. Marshall Wace LLP increased its position in shares of Ulta Beauty by 9.4% in the second quarter. Marshall Wace LLP now owns 654,598 shares of the specialty retailer’s stock worth $306,234,000 after purchasing an additional 56,063 shares during the last quarter. Franklin Resources Inc. grew its stake in Ulta Beauty by 5.4% in the 2nd quarter. Franklin Resources Inc. now owns 582,635 shares of the specialty retailer’s stock worth $272,568,000 after buying an additional 30,100 shares in the last quarter. Swedbank AB increased its holdings in shares of Ulta Beauty by 6.7% in the 3rd quarter. Swedbank AB now owns 581,506 shares of the specialty retailer’s stock worth $317,938,000 after buying an additional 36,456 shares during the last quarter. Norges Bank bought a new position in shares of Ulta Beauty in the 2nd quarter worth $258,791,000. Finally, AQR Capital Management LLC raised its position in shares of Ulta Beauty by 76.6% during the 2nd quarter. AQR Capital Management LLC now owns 477,504 shares of the specialty retailer’s stock valued at $222,794,000 after buying an additional 207,084 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $661.34 on Tuesday. The firm has a market cap of $29.34 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 3.56 and a beta of 0.85. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $695.34. The business has a 50 day moving average price of $601.96 and a 200-day moving average price of $550.21.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS 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 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 firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Research analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analyst Ratings Changes

ULTA has been the topic of a number of research analyst reports. Guggenheim reissued a “neutral” rating on shares of Ulta Beauty in a research note on Friday, December 5th. Jefferies Financial Group assumed coverage on Ulta Beauty in a report on Wednesday, January 14th. They issued a “hold” rating and a $700.00 price objective for the company. UBS Group raised their price objective on Ulta Beauty from $690.00 to $780.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Piper Sandler set a $615.00 target price on Ulta Beauty in a research report on Friday, December 5th. Finally, DA Davidson increased their price target on shares of Ulta Beauty from $625.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $620.04.

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.