Northstar Advisory Group LLC Buys Shares of 2,157 Ulta Beauty Inc. $ULTA

Northstar Advisory Group LLC purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA) during the third quarter, HoldingsChannel.com reports. The fund purchased 2,157 shares of the specialty retailer’s stock, valued at approximately $1,179,000.

Several other hedge funds and other institutional investors have also modified their holdings of ULTA. Cary Street Partners Investment Advisory LLC raised its stake 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 acquiring an additional 28 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Ulta Beauty in the third quarter valued at approximately $25,000. Hemington Wealth Management grew its holdings in shares of Ulta Beauty by 142.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty during the 3rd quarter worth approximately $31,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Ulta Beauty in the 2nd quarter worth approximately $35,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Down 3.6%

Ulta Beauty stock opened at $661.34 on Tuesday. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $695.34. The stock has a market cap of $29.34 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 3.56 and a beta of 0.85. The company’s 50-day moving average price is $601.96 and its two-hundred day moving average price is $550.21.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ULTA shares. Robert W. Baird set a $700.00 price objective on Ulta Beauty in a research note on Wednesday, December 17th. Zacks Research raised shares of Ulta Beauty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Raymond James Financial upgraded shares of Ulta Beauty from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $605.00 to $790.00 in a research report on Wednesday, January 21st. Barclays reiterated an “overweight” rating and issued a $680.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $620.04.

About Ulta Beauty

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.