VIRGINIA RETIREMENT SYSTEMS ET Al Buys 1,500 Shares of Ulta Beauty Inc. $ULTA

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 1.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,000 shares of the specialty retailer’s stock after buying an additional 1,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.19% of Ulta Beauty worth $45,927,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quadrant Capital Group LLC increased its holdings in Ulta Beauty by 1.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,165 shares of the specialty retailer’s stock worth $545,000 after acquiring an additional 21 shares during the period. ORG Partners LLC boosted its holdings in 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 purchasing an additional 23 shares during the period. Chesley Taft & Associates LLC grew its position in shares of 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 purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management increased its holdings in shares of Ulta Beauty by 6.8% in the second quarter. OFI Invest Asset Management now owns 375 shares of the specialty retailer’s stock worth $175,000 after purchasing an additional 24 shares during the period. Finally, Richard W. Paul & Associates LLC raised its position in shares of Ulta Beauty by 0.8% in the second quarter. Richard W. Paul & Associates LLC now owns 2,990 shares of the specialty retailer’s stock worth $1,399,000 after buying an additional 24 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ULTA. Robert W. Baird set a $700.00 price objective on Ulta Beauty in a research note on Wednesday, December 17th. Guggenheim reiterated a “neutral” rating on shares of Ulta Beauty in a research report on Friday, December 5th. Oppenheimer set a $675.00 price objective on Ulta Beauty in a report on Wednesday, December 10th. Wells Fargo & Company upped their price objective on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a research report on Thursday, October 16th. Finally, Morgan Stanley lifted their target price on shares of Ulta Beauty from $600.00 to $640.00 and gave the company an “overweight” rating in a research report on Sunday, December 7th. Sixteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $576.50.

Ulta Beauty Price Performance

Shares of ULTA opened at $606.89 on Wednesday. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $616.34. The stock has a 50 day simple moving average of $550.14 and a two-hundred day simple moving average of $525.55. The firm has a market cap of $26.92 billion, a P/E ratio of 23.27, a P/E/G ratio of 3.19 and a beta of 0.87.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly 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. 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 the consensus estimate of $2.70 billion. During the same period last year, the firm posted $5.14 earnings per share. The business’s 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. On average, equities analysts anticipate 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.