Mitsubishi UFJ Trust & Banking Corp Buys 8,988 Shares of Ulta Beauty Inc. $ULTA

Mitsubishi UFJ Trust & Banking Corp grew its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 31.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,166 shares of the specialty retailer’s stock after acquiring an additional 8,988 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of Ulta Beauty worth $20,321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ULTA. J. Safra Sarasin Holding AG lifted its position in Ulta Beauty by 167.8% during the 2nd quarter. J. Safra Sarasin Holding AG now owns 4,513 shares of the specialty retailer’s stock valued at $2,111,000 after purchasing an additional 2,828 shares during the period. Swedbank AB raised its stake in shares of Ulta Beauty by 6.7% during the third 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. Rakuten Investment Management Inc. acquired a new position in Ulta Beauty in the third quarter valued at approximately $71,997,000. Assenagon Asset Management S.A. lifted its holdings in Ulta Beauty by 90.1% in the third quarter. Assenagon Asset Management S.A. now owns 36,647 shares of the specialty retailer’s stock valued at $20,037,000 after buying an additional 17,365 shares during the period. Finally, Stance Capital LLC bought a new position in Ulta Beauty in the second quarter valued at approximately $3,809,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ULTA has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft set a $732.00 target price on shares of Ulta Beauty in a research report on Thursday, January 8th. Argus upped their price objective on Ulta Beauty from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday, January 2nd. Wells Fargo & Company raised their target price on Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a report on Thursday, October 16th. Barclays restated an “overweight” rating and set a $680.00 target price on shares of Ulta Beauty in a research report on Tuesday, January 6th. Finally, Canaccord Genuity Group increased their price target on shares of Ulta Beauty from $653.00 to $674.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $620.04.

Ulta Beauty Stock Performance

Shares of ULTA opened at $661.34 on Tuesday. The stock has a 50 day simple moving average of $601.96 and a 200 day simple moving average of $550.21. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $695.34. The firm has a market capitalization of $29.34 billion, a PE ratio of 25.36, a P/E/G ratio of 3.56 and a beta of 0.85.

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, beating 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 firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the firm posted $5.14 earnings per share. The business’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 research analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

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.