Skandinaviska Enskilda Banken AB publ Raises Stock Position in Ulta Beauty Inc. $ULTA

Skandinaviska Enskilda Banken AB publ raised its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 13.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,338 shares of the specialty retailer’s stock after purchasing an additional 1,232 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Ulta Beauty were worth $5,653,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ULTA. Focus Partners Wealth lifted its stake in Ulta Beauty by 231.6% during the 1st quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer’s stock worth $1,372,000 after acquiring an additional 2,615 shares in the last quarter. Intech Investment Management LLC raised its holdings in Ulta Beauty by 48.9% during the first quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $1,758,000 after purchasing an additional 1,574 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Ulta Beauty during the second quarter worth about $466,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Ulta Beauty by 23.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 758 shares of the specialty retailer’s stock valued at $355,000 after acquiring an additional 143 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new position in Ulta Beauty during the 2nd quarter worth $264,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Robert W. Baird set a $700.00 price objective on Ulta Beauty in a report on Wednesday, December 17th. Argus upped their price target on shares of Ulta Beauty from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday, January 2nd. B. Riley Financial reissued a “neutral” rating on shares of Ulta Beauty in a research note on Monday, December 8th. Canaccord Genuity Group upped their price objective on Ulta Beauty from $653.00 to $674.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Finally, Evercore lifted their price objective on Ulta Beauty from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $626.44.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $686.98 on Friday. The stock has a market cap of $30.47 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 3.22 and a beta of 0.85. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $714.97. The business’s 50-day simple moving average is $648.17 and its 200 day simple moving average is $571.23.

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, 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 return on equity of 46.33% and a net margin of 9.93%.Ulta Beauty’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business earned $5.14 EPS. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. On average, equities research analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current year.

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.